I’m pretty sure that anywhere there is a BoA branch, there are branches of other financial institutions.
Eschew BoA, with prejudice.
This is all part of the plan to put Christians in the closet.
I believe it would be sufficient for banks to be required to provide reasonable advance notice before de-banking any customer based on religion, ideology, etc., but that they also be required to publish their criteria for determining who they consider to be that “detestable”.
This would allow those targeted organizations the time to move where they are welcome without undue disruption. It would also cost these liberal banks plenty of business.
bkmk
New CRA and HMDA regulations seem designed to strangle smaller banks. Thankfully, they were kept by the courts from being fully implemented.
We have the nation we are willing to fight for.
I personally find it prejudicial to use a social credit score to shutdown an
account. Race, religion, et al…. They could de platform every Republican.
That is not the spirit of the law. Put the bank in receivership and be done with
it.
BofA, you no longer have a bank. Others will take over from here.
BOA was a crappy bank in the 70’s....and they still are.
Don’t limit it to just Christians. There need to be laws enacted against de-banking anybody for non commercial reasons as defined by low credit scores, a history of delinquency, etc. Supposed “reputation risk” should be explicitly ruled out as a legitimate reason to de-bank anyone.
Banks found guilty of such a practice need to be fined heavily for each offense and forced to reverse themselves immediately. If a pattern of such behavior is found or if banks refuse to reverse their debanking decisions when caught, they need to have their charters to operate in that state revoked.
Only conservative states will support anti-discrimination laws protecting free speech and religion.
The discrimination will intensify in blue states and I would not be surprised to see debanking laws that promote discrimination based on DEI agendas.
I was surprised to learn that “debanking” was even possible. No bank should be able to refuse service to anyone unless they are the customer is doing something illegal.
Next, maybe utilities can refuse electric or telephone service to customers whose politics or religious beliefs they disagree with. (Or maybe they already can do this.)
I volunteer with a Christian ministry and have access to one of our bank accounts. We recently switched from Wells Fargo. While they didn’t debank us, they made it completely impossible to work with them. For instance, I wanted to change one of the signatories. We were told he would have to sign the paperwork in person, not at a branch, but at the branch the account was based in, a mere 1200 miles away.