Tag Archives: debanking

Bank of America shuts down another Ministry bank account with no real explanation

Important Takeaways:

  • ‘Debanking’ row breaks out after Bank of America shuts down account for ultra-conservative Christian charity that serves impoverished Ugandans
  • 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.’
  • But campaigners are calling for greater transparency over how firms decide which accounts to shut down, adding cases of ‘political and religious ‘debanking’ appear to be on the rise.’
  • On April 24 this year, it was sent a letter by the bank advising that its accounts were being shut down within 30 days.
  • Associated accounts belonging to partner entity Indigenous Advance Customer Center and a church operating at the same address – Servants of Christ Community dba University House of Prayer – were also closed.
  • The correspondence from BofA stated: ‘Upon review of your accounts, we have determined you’re operating in a business type we have chosen not to service at Bank of America.’
  • Representatives for Indigenous said they ‘repeatedly’ asked for an explanation about the closure.
  • On May 24, the organization was sent a follow-up letter that stated its ‘risk profile no longer aligns with the bank’s risk tolerance.’
  • At the time, Indigenous said it had $270,000 in its deposit account.
  • The charity works with Ugandan ministries to provide support for orphaned and vulnerable children and prisoners in the African country.

Read the original article by clicking here.

Big Banks going after those with ‘wrong’ opinions as Dr. Mercola and His Employees are targeted

Important Takeaways:

  • Oops JPMorgan Chase Did It Again…Again
  • JPMorgan Chase is back to debanking. Once again, it’s not providing any explanations. And once again it’s targeting people who dare to question the Left Government/Woke Business conspiracy against liberty.
  • At about the same time, it appears, Chase debanked, without warning, Drs. Syed Haider and Joseph Mercola. Wait, no. Not just them, but also Dr. Mercola’s employees – and his and their families. All without explanation.
  • These debankings don’t come without context. You may recall that last fall Chase debanked Senator, Ambassador and Governor (so, you know, pretty well respected) Brownback’s religious liberty organization, after having debanked General Flynn and a series of other conservatives. Chase got called on the Brownback debanking and first stonewalled and then lied, a half dozen times, about the reasons for the debanking, and then went back to stonewalling.
  • That’s relevant again because, whaddya know, the debanked doctors turn out to be conservatives, too – or at least they’re sufficiently opposed to the woke big government/big business monolith that they were willing to question the efficacy of the lockdown regime.
  • Coutts Bank of Britain recently debanked Nigel Farage, who championed Brexit. All of the other banks of England followed along. But then it was discovered that the debanking had been political. So the British government is investigating, and the head of NatWest, which owns Coutts, has been, as they say, sacked.
  • You’re up, American politicians. Time for a full investigation of debanking at JPMorgan Chase and some of the other malefactors of great piles of other people’s wealth, like Bank of America.

Read the original article by clicking here.