Bank of America facing boycott over alleged account closures based on political views

SOURCE www.newsweek.com
Bank of America is facing calls for a boycott over allegations of closing accounts based on customers' political views. The bank denies engaging in 'de-banking' due to religious or political beliefs.

Key Points

  • Allegations of 'de-banking' by Bank of America based on political views have led to calls for boycotts
  • Bank of America spokesperson denies claims of account closures due to religious beliefs
  • Republican attorneys general signed a letter warning against alleged discriminatory behavior by the bank

Pros

  • Bank of America denies allegations of closing accounts based on political or religious beliefs
  • Bank provides banking services to non-profit organizations affiliated with diverse faith communities

Cons

  • Allegations from MAGA supporters and Republicans claiming 'de-banking' due to political beliefs
  • Calls for boycott on social media platforms against Bank of America