Posted on 08/22/2023 9:25:35 AM PDT by algore
A 'debanking' row has broken out after an ultra-conservative Christian charity which provides necessities to Ugandan orphans had its account shut down by Bank of America.
Memphis-based non-profit Indigenous Advance Ministries has filed a complaint to the Tennessee Attorney-General's office over concerns its accounts were closed because the bank disagrees with its 'religious views.'
The organization - which claims to have had a banking relationship with BofA since 2015 - purports pro-life and anti-same sex relationship values on its website.
BofA firmly denies it 'debanked' the body over these views, telling DailyMail.com that 'religious beliefs are not a factor in any account-closing decision.'
Historically the term referred to cases where banks limit financial services to businesses it assessed as having money laundering risks. But firms are increasingly being accused of closing accounts over reputational fears.
On April 24 this year, it was sent a letter by the bank advising that its accounts were being shut down within 30 days.
The charity works with Ugandan ministries to provide support for orphaned and vulnerable children and prisoners in the African country.
It endorses a number of evangelical Christian views including that 'all human life is sacred... from conception to natural death.'
A spokesperson for BofA said the closure was related to a part of Indigenous' operations which includes debt collection.
On its website, Indigenous said it is 'dedicated to pursuing the recovery of overdue invoices on behalf of our clients.'
BofA claimed debt collection services are a clear violation of its policies. The Bank added it only became aware of this part of the charity's operation when the new account was opened in January.
However, when DailyMail.com asked BofA to share the exact part of its policies that says it doesn't service debt collection agencies, it was unable to do so.
(Excerpt) Read more at dailymail.co.uk ...
Oh wait no I don't..
Because they are a debt collection agency?
At some point some overseas banks in The ME possibly will step in for Americans trying to escape their own fascist banking system. The American banking system will eventually collapse from this shit.
If you ain’t “woke”, you’re ultra conservative, right wing, skin head etc. Bank of UnAmerican strikes again.
A charity that does debt collection? That seems odd if true.
Yeah. Then it escalates. For all practical purposes, the government is taking this as an opportunity to eliminate the opposition.
Debank = lose all your money = punish you for your opinions = social credit system.
bttt
I see a French style resolution brewing.
I would guess that happens a lot in Africa
perhapss this organization uses its assets to try and collect some for people who have zero power, maybe thats it. Actually not a collection agency, just a service they do that brings in donations ?
100% digital currency that can be flipped off at the click of a mouse by the government of whatever worldwide
So that's "ultra-conservative."
Conservative - "I personally oppose abortion, but won't impose my values on others."
Liberal - "Abortion is a civil right that government should fund."
Leftist - "Schools should celebrate abortion as religious holiday with liturgical services led by drag queens."
Huh?
A bank that does not believe in collecting debts?
it looks like they are training people to work in call centers .
I seem to remember some movie about that
https://www.imdb.com/title/tt0425326/
I closed my several accounts at BoA several years ago when they started acting the fool. I took out a considerable amount of money and they never asked one time why. We are in a credit union now and have not looked back.
I dumped BofA years ago. Total a-holes.
I dumped Bank of America 18+ years ago when they wanted Illegal alien accounts and didn’t want AMERICAN CITIZEN accounts.
I got their message, LOUD AND CLEAR. Get rid of them, they aren’t on our side. Go with John Rich and a bank that won’t screw you over.
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