Bank of America will no longer do business with companies that run detention centers

  • 📰 cnnbrk
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 55%

United States News News

United States United States Latest News,United States United States Headlines

Bank of America will end its association with companies that provide prisoner and immigrant detention services at both the state and federal levels. The move comes amid growing public concern about the nation's border policies

A spokesperson said Wednesday that Bank of America has discussed the issue with its clients that provide those services. While the bank appreciates"steps they have taken to properly execute their contractual and humanitarian responsibilities," it ultimately decided to"exit the relationships.

"Bank of America declined to comment Wednesday regarding the companies with which it had previously worked.Read MorePrivate prisons have been in the spotlight. On Friday, Democratic presidential candidate Elizabeth Warren called for private correctional and detention facilities to be banned. Shares of private prison operators dropped following her remarks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Could care less... hypocritical. Steal from Americans and get bailed out by Americans. Make a political and counter productive stance for non American citizens... 🤔

Start in Florida

Not sure how anyone on left or right could be comfortable with companies, especially banks trying to regulate what type of work people do. But this is impact Far-left is having in this country. So BOA not just involved in triggering overdraft fees, but what type work you do.

Ending my association with Bank of America.

Looks like i will not be doing my banking at BOA anymore. Closing my accounts Monday!

Then it should not do business with anyone from congress cause they are the ones that caused this whole mess!!

Wonderful.

They had no problem taking American tax dollars for a payout but this is just to much for them to bare! ..!.. BOA

People need to end their association with Bank of America

No loss. Worst bank in America.

“concerned”? Decent individuals are outraged. BabiesInCages TrumpConcentrationCamps

Only way to solve this is not to let them cross the border in the first place.

My concern is Americans Security. Glad I don't use Bank of America. Should be more like Bank of Illegals.

Wow. Who would have guessed?

Awesome, the next time Bank Of America needs a bail out from the federal government I guess the government will say “sorry we didn’t agree with your practices, your on your own”

Americans shouldn't do business with Bank of America...who has payed billions in fines for fraudulent business practices.

Its democrats mess let them fund there own evil deeds

I’ve already ended my relationship with Bank of America. I don’t do business with banks that make decisions based solely on politics and not sound business decisions.

How come no one cares about USA citizens getting put in jail if they break the law and separated from their family's. You break the law you go to jail the asylum seekers aren't being separated it's the people coming in illegally that are

All while Dem funded racist’s assault an American citizen.

Getting political... probably will close my accounts !!!!!

Ha! Wayfair donating to the Red Cross!! Now that's funny!! Corrupt politicians, the UN, George Soros & many special interest groups like 'Pueblo Sin Fronteras' have encouraged this invasion!

It ain't my bank!!

WELL conflict of interest comes to mind ,As in UK things like this are discussed behind closed doors as no-one wants to say there views in public as the smallest word can be taken out of context RACE card is a check mate but it needs to be addressed openly.✌️

No worries. Russian banks will be willing to take BofA_News

Seems like BOA doesn’t need the business of millions of Americans who want secured borders and laws followed. I’ll be closing all my accounts and my children’s accounts with BankofAmerica Monday morning!

Time to end my BofA account

Bank of America is not Bank of UnAmerican. Stop doing business with them. Let's show them we can put one of the largest Banks in the country out of business for being political bullies. bankofamerica

And I will end my association with the Bank of America

Yup and the Obama administration started this mess and Democrats are refusing to pass any legislation to fix it....

Burning NFL jerseys and Nike apparels. Forget switching banks. Burn the money! 😏

Good CNN sucks it's not a AMERICAN news channel

❤️

they control the banks stack yo own money its a setup if u dont

Your loss.

Fuck it! Just totally open the borders

Wow. I wonder where those detention facilities 'aka' concentration camps gonna get funding from now.🤔 So comments do cost money. What if we reclassify it back to detention facilities and take concentration camp back.😣

They don’t currently.

BofA is the worst bank in the USA! They sure were there with their hands out accepting bailout money paid for by taxpayers for the so called “too big to fail” companies! We have a Liberal bank that is attempting to dictate how Americans think, what BS! Close ur bank accounts now!

BoA has no balls. They should stand up to the liberal Fascist mobs.

We will stop doing business with BankofAmerica MAGA2KAG

BOA has said If a nursing company continues to work with detention centers to care for the detainees, BOA will end their association with that company. Now substitute “nursing” with janitorial, food prep, legal services, etc. How can anyone support this?

Quit putting yall money in banks if they can shut the government down dont yall think they can freeze yall accounts? thats why they putting everything on cards to freeze everything and leave u broke 🙏🏽 for America cuz they all blind

I'm sure this move was based on public relations to have ppl say. Oh, I'm now going to do all my banking business with BofA. Their bottom line is money and how to get it.

Thanks ‘Bank of America’ for taking a humane stand!!!!

Growing public concern = a hand full of looney liberals tweeting.

Here's a great idea...why doesn't BoA stick to banking and stay out of politics and become a solution to the problem.

Why didn't they do this back in 2014? Oh forgot, very little MSM publicly on this same crisis during that time.😏

But they give loans for cheap real estate that boarders the inner city which only expands crime and poverty.

Why “will” and not “has”?

To their demise!

Really bad business move for BankofAmerica. Conservatives have more money then welfare queen liberals.

I expect to make humane and rational policy for people's safety and stability.

PR Cowards

After you took 20 billion in bailout money FROM the federal government. Maybe you should go on and pay that back.

I was planning on putting everything into USAA instead of the way I currently split my accounts. I may have to rethink that now.

And being found in appearance as a man, he humbled himself by becoming obedient to death— even death on a cross! Therefore God exalted him to the highest place and gave him the name that is above every name, 10 that at the name of Jesus every knee should bow,

Good now we can BOYCOTT CNN and the BANK OF AMERICA. Watch Trump roll!

Glad I don't use bank of america

Then I’ll end my bank accounts with BankOfAmerica the traitors of the American people I urged others to do the same....

I respect back of America for standing up against this inhuman treatment to this people at this detentions facilities

Thank god! This means we will have to close them and send all these illegals back to where they come from. Thanks, Bank of America, for forcing the US to finally do what’s right. 👍🏼

Ok, and my choice after 30+ years as a customer, bye-bye Bank of America. We all can make choices.

I will end my association with Bank of America!

juliabhaber Thank you BankofAmerica

you mean the SAME Bank of America that Ripped off and CONTINUES to Rip off the Citizens of the United States? bailout endthefed

Lol.. a bank refusing companies money?.. banks exist by holding peoples money,it only hurts them.. conservatives that use that bank should go close out their accounts..that bank will give a loan interest free for the border wall

Good for you

hypocrites or they made enough money off people during the Bush Clinton & Obama yrs... Or their only doing it for money now !

Well, this sucks; who wants to be on the side of big banks? 😉

Fake news

Didn’t the federal government bail bankofamerica out? Now they are going to tell the government what to do? Say no to Bank of America.

I will end my relationship with Bank of America

I'm a life long customer of BOA, this news makes me feel proud to be associated with them.

Good thing I closed my account with them years ago

Will Bank of America extend this to countries that lock populations up in concentration camps?

No bank is too big to fall.

You know something is wrong when Two crook's don't want to work together Bank of America, States and Federal Trump visit Dictators while kids on the border are being treated like someone in North Korean prison. No Heart,all Trump's administration is Heartless. TRAITOR!

BOA is a shitty bank anyways!!!

How is that going to help the border crisis?

Switching all my $$$ outta there next week.

Wow. I love corporate censorship and control of commons. Only the Plutocrats can save us from ourselves.

So what bank will be financing it now?

I hate this. So if I am with BankofAmerica, am I making a political statement? Please take the politics out of corporations. What's the end game? This is the bank of Republicans, but this is the bank of Democrats? Which one would be more profitable?

Yas one more reason for the government to stick their noses around.

Virtue-signalling gone mad.

Good

Excellent stuff Bank Of America. About time someone took the moral high ground.

Thank you BOA!

So... In short they want them released into the interior? Endangering our own citizens? All because they can't take the heat of being a hot button contributor to a solution of a Democrat made problem... Smh.

More BS from the left aholes.

I will open a BOA account today and tansfer every dollar I have if BOA announced they will not do business with any member of the Trump klan.

George Orwell anyone...wow.

A bag of knowledge

Good. The world is watching in horror right now.

BoA card—- ✂️ 💳

I hope this is a trend for others!

But they kept quiet under Obama?!

So... they actually just don’t want to help . Sounds like the whole Democratic Party... no don’t give them anything because of Trump. Where was the outcry and outrage of the last administration when Obama said don’t bring your children? 🙄

Picking who to work with.. but it's a problem if a bakery refuses to bake a cake for a gay couple

Thank you B of A! 👍

Ridiculous 🙄

Good. My cousin Dan works for Bank of America as a auditor on the national level He's a really cool guy

That’s fine, but who will step in and actually take care of the facility?

So they're going to punish the people being detained, just like Dems blocking humanitarian aid funding, or Wayfair employees refusing to fill furniture orders for kids being detained. Next someone is going to blame Republicans for the conditions, right?

How will this help the detention centers?

Put your money where your mouth is build a community of tiny houses for the homeless

Maybe I should dump my BankofAmerica card and find someone who appreciates my business!!!

You better be wrong about this.

Hmm ... might be a good time to finally close out my accounts with them

Brilliant, so when kids go without toothpaste, soap, beds, diapers....blame BankofAmerica

I’m out

The fed govt should ban Bank of America from being an approved federal vendor. No more using this company at any level and for any procurement.

And we care Why exactly We already know only half of the U.S. believes in laws and the Constitution!

Might be THE stupidest move by a company in my life time .. 😂 thank god I don’t have that card... and good luck running that thru your share holders. People gonna get fired😂😂

Looks like BA doesn't want to end up in another federal investigation.

Why no mention of the illegal murdering the elderly in Dallas

Thank you BankofAmerica

So they don't support our rule of law?

Impressed! First thing Ever that Bank of America has done using a moral compass.

So now in addition to fired and disgraced ex f.b.i and C.I.A officials liberals have another set of heros ,Banksters.

Too late

Isn’t BoA too big to fail and isn’t it time to break it up and remove all contracts? Imagine the share loss of federal government ended the P-card agreement with BankofAmerica .

Oh the border policies that Trump was asking them to change a few months ago when you idiots were screaming “manufactured crisis!!” Now there IS a crisis and somehow it’s trumps fault. You guys are pretty dense.

so are we now admitting there is a crisis at the border

And I'll end my relationship with BA. Just one misstep after another for this organization.

Don’t let B of A fool you. They are hanging on to all the deposit accounts of companies/employees

Who’s gonna provide them with food then?

Leaving WellsFargo and joining BankofAmerica

Goodbye Bank of America! Closing account in less than a week from now!

Cool, now do for profit prisons

k, well just leave them in the desert instead. i'm sure they'll like that better.

Bank of the Elites? Bank of Illegal Immigrants?

Extortion much? That is not who we are. So un-American. What a bunch of intolerant globalist bullies. Go credit unions! Screw these banks and the central banking cabals.

Time to change the name of the bank.

Good for these people

Hasta la vista BOA!

'just start your own bank'

No one cares about you or BofA. Both of your organizations should burn in a tire fire.

If it's one things banks hate it's tight security, restricting access to different locations, and stringent rules.

Thank you BankofAmerica!

In public

F them, they’re a big part of the financial issues we saw a decade ago!

So BOA will now assess each customer and if they support what they sell or who their customers are before they will do business with them? This sounds dangerous for BOA.

Nice CNN sucks the moose you know what

Bank of 'America'

Will people really applaud the financial industry throwing it's weight around like this? How long before they step on toes you don't want stepped on?

give them a quarter of lower profits to reverse this

Idiots. Sure, this helps...smh

Bank of Israel

Woke corporations following media propaganda. Great combo!

And this is why you lose customers. And you were bailed out by the same taxpayers whose system you fail to support.

What is this about

good! very surprising, but good!

closeyourBAaccount

Bravo👏👏 More companies please!!

You can't sit with us

I wonder why they didn't do this sooner? Like DECADES ago? Give it time. They'll be partnering up again. Everything is for show.

Time for me to close my accounts at BofA.

Goodbye BankofAmerica.

BankofAmerica bye Bank of America.

Prisons and hospitals cannot be run for a profit.

You idiots think this is a win?! You lose actually!! How in the world cN these places function without someone backing them with money?!

But happy to do business in China 🙄

Untill the head lines die down and u forget.

Get woke, go broke BankofAmerica . boycottBOA

That's fine we don't have to do business with the bank of the Venezuela either excuse me Bank of America

Apparently Saudis have significant shares of BOA😶?

When are people gonna wake up to that fact that the bankers control everything.

Good for Bank of America. I am proud of them.

This is so odd. I work in a detention center and we protect our kids! Get to know the truth, because this is absolutely asinine.

The same Bank of America that made obscene profits lending to immigrants they knew were high risk (sub prime) fully expecting to own the property? For those who don’t follow....they took advantage of people they now claim they want to help. BOA has been a load of shit for years

Then I might end my association with Bank of America.

They're only proving that open borders is supported by rich capitalists for their own benefit.

Time to show for a new bank. Bye BankofAmerica

They didn’t have a problem with the exact same thing during the last administration.

Hopefully BofA will have some clients left ...

Because we know banks are the highest form of morality

I support their move because money talks when other arguments aren't being listened to.

good for them. At least on this one issue they have a conscience. I support their move on this.

AFTER they’ve given $400+ million to do so🤔🤔

Just another reason to not to business with Bank of “America”!

What about business with tobacco and alcohol companies? Are they keeping it?

What's your stance on accounts with the military and it's employees? I hear they sometimes drop bombs on innocent civilians. Surely i missed your announcement to no longer do business with soldiers and their families and the Pentagon. All signal, no virtue.

All companies should follow this example of morality.

When a 125 year old crusty bank does the right thing before a tech startup like wayfair you know 2 things about the startup: 1. The evil is bad 2. Management of the startup supports the evil or they would have been way ahead.

Socialism at it's finest! There are plenty of Americans who still believe in America first. A bank taking a political stand lines this only means loss of business for them. Nothing more

Let's just throw them out on the streets.

The (((Bankers))) are naturally against any sort of border control for their host nations

No Bank of America accounts in my finances. Thank God.

How very 1930s Germany of them.

Big corporations want open borders.

How can I get a list of the companies profiting from these concentration camps so I can boycott them?

I would cancel my BankofAmerica credit card but they already cancelled it by mistake then refused to reinstate it. Bad company

More power to them!

The banking cartel holds us all in debt slavery.

Imagine believing you're apart of a global revolution against fascism and also agreeing with literally every multibillion, multinational corporation. If you think the oligarchs are on your side, you're a pawn in their game.

Wells Fargo might be a good choice.

Silence those who you disagree with! Stop them of their ability to do anything because they have opinions or do things you don’t agree with! Forget inclusiveness for those you’ve determined are wrong! Force compliance of what you want! Shun those who don’t think like you!

Then take their protection away. Money no longer FDIC insured.

Bake the damn cake.

FrankDangelo23 So they are now Bank of Guatemala?

Banks should not involve themselves in politics. You are a bank.

BankofAmerica is a terrible bank with horrible customer service and now it’s involved in divisive politics too. What a business model.

So a large bank is withdrawing support services from people who need it? I'd ask how long they've been providing these services? I'm guessing it's pre-2016.

Get a brain illegal means illegal

I hear you can open an account with CapitalOne and it only takes 5 minutes! BankofAmerica should rethink their position... bankofamerica

I just sold my (little) stock in BAC. I do not want to invest in companies that piss off roughly 50% of it's potential customers. Just not a good business decision. Stick to social issues that all americans are behind.

So it’s okay if banks decide they don’t want to do business with a specific business or person? You think this is fair business practices? I can’t believe this is happening in America?! Remember when banks didn’t want to do business with Italians, blacks, women, Jews....HISTORY!

Good for Bank of America I wish more companies would follow

End of free enterprise

Stupid! Makes the situation worse.

Hope they have that bail out reimbursement check ready. Pull your money out of BankofAmerica, they should lose their FDIC deposit insurance over this. Trash ass bank anyway.

Note: immigration from Central America is driven by drought, caused by climate change, poverty and hunger

Who cares, f*k Bank of America

So BankofAmerica is now doing business based on personal views? Scary times.

..so...humanitarian aide and services will be stopped by americas most corrupt bank . A bank who has in the past turned on americans to further the deep state agenda.

I`m glad I`m not a bank of America customer anymore(long ago) and I`ll never be again,how come they forgot the government did bail them out some years ago?bite the hand that feed you.

I find it weird that companies are running from these facilities yet people are demanding they have better conditions. How do they think that happens? Do furnishings, toiletries, medical supplies and other goods just fall from the sky?

Good for B of A it is disgusting that people profit from a human crisis.

That bank sucks any way who cares

Cut their access to the Federal Reserve off

FrankDangelo23 LOL good and when you lose 25-50% of your business then maybe you'll stop with your nonsensical pandering and remember that you exist because of the American population not illegals. Your investors will hold you accountable.

Great, now who will provide my concentration loans

Canceling my Bank of America account!!

America no longer United. Now just a bunch of States

Bank of America- the irony. The bank of the Taliban and now only for illegals.

All the companies with Trump concentration camp contracts and their banks should be listed in public forums. As consumers and customers we need to know who we are doing business with.

Other banks will welcome the huge accounts. Sad for the smaller individual companies. Banking and Politics is a bad mix. I’ll end my relationship with BoA of the do this.

Glad I no longer work for BofA or do business with them

Timeto find a new bank.

Do people realize that these banks including Bank of America do business with many countries that are abusive to their people , homophobic, treat women like second-class people and so on? Let’s not lose track of the real life moral situations with these companies

Bank of America seems so far from the truth it’s not even remotely funny. Years of anti-American activities can’t be ignored. It’s probably why they are the least used bank outside of the illegal immigrant community. No self-respecting Citizen would be caught dead in that bank.🇺🇸

FrankDangelo23 Illegal's came her on their own. Great clothes, back packs, fat, etc. They WANTED to be detained. DUH! Padded mats for sleep, shelter & food. Compare pics of who really needs help. Crybaby!

So people want to cry about how the people in these centers don’t have the things they think they should have and at the same time they want to make it harder for those people to get the things they should have? Explain that logic to me.

Another liberal run company having TDS.

If you still have an account with Bank of America despite the predatory way they treat customers, this should be the last straw.

Don't and won't do business with bank of America.

More like Bank of Anti-America. That's why I am closing all my accounts today and will never bank with them again. Shame.

Well darn. I cancelled an account we had with them the last time they showed their asses.

Bank of America is EnemyOfThePeople

That's why I don't use bank of America

This only hurts the immigrants who are being detained.

Glad I stopped dealing with BOA long ago since they rip people off with their hidden and excessive fees

This is a start, but BoA should turn it's braches into migrant shelters. It's the least they can do.

And will no longer do business with Bank of America

So i guess there *is* a crisis after all.

That’s ok. There are plenty of other banks out there to do business with.

Looks like another bailout in the future. They’ll lose business

Then Perhaps a name change should be in order for them

Bank of America says end its associations with companies that provide prisoners immigrants in cages, hope Bank of America keeps its word!

No actually they won't. There's no way that they're going to lose those millions of dollars. Because they in association with lawful detention of criminals, then America will in their association with Bank of America Elliott.

Isn’t that discrimination...

Didn’t BOA stop affiliating with the NRA? How’s that going? Gotta love companies that virtue signal as a way of life

Well time to pull my accounts and go elsewhere! Bank of America will be the losers in all this! If Only they cared about Obama policies years ago! 😂😂😂

Lol. Bank of America shouldn’t do business with itself if they are using the same moral compass. Another bank will gladly do business with these companies.

Good I am sure there r other banks that will .

Whatever happened to just providing banking services? Glad I no longer have them.

Place blame at the foot of Congress they can fix it and they don’t!

Yes

Another good reason to stop using Bank of America financial services

Hahah remember that time HSBC bank was funding the drug cartels and the Obama Administration barely slapped their wrist?

Financial institutions have no business playing the politics war game especially if their name has AMERICA in it. I don't bank with them otherwise I would be closing my accounts.

Left the bank of amigos a long time ago

i think as liberals we all need to step up to the plate and take these people into our homes and bussineses,

Thank you for not supporting human rights violations. Now if you can help address the root causes...

Publically traded companies should refrain from political bias.

BankofAmerica I have decide I will close my accounts and move to Chase Save your political positions for your personal life. I encourage others to do the same.

Both companies will be so hurt.

Well that fixes nothing, and probably makes things worse. If they think by doing this everyone will be released, they are fooling themselves.

I guess i'll have to take all my money out of Bank of America.

Bank of America has just lost my business.

Watch how quickly people will stop caring about these detention centers once they find out the money they’ve been making from them are gone. I’ve been saying we need to follow the 💰on who’s benefiting from illegals being here. Illegal immigration is big business.

Ha! Does that mean they will be closing the accounts of anyone paid by the federal, state, or local government? Or wil they be ending business relationships with those entities? I don’t think so. Lip service. Or a marketing campaign for new business. I hope they lose business.

🤗 thank you Bank of America

Thank you BankofAmerica

Like you needed another reason to dump Wells Fargo. Good onya BofA!

Well I had taken all my money out of Bank of America years ago. The bank is horrible, and constantly overcharged me for shit that I shouldn’t have be charged for in the 1st place. I use neighborhood credit union!

Not helping the actual immigrants at the detention centers now tgey get less funding and conditions get worse smh.

A giant step toward redemption.

Yeah, stop helping them, that way the facilities provided for free to these people will become shittier and less safe, then maybe they will stop trying to come to our country. Dig your strategy.

Trump should make an executive order barring the US government from doing business with the bank.

BOA or as they are know as Bunch of Assholes...please refuse to do business with prisons, that means they will become run down when Jim Comy and the Barack Bastards end up there

Go and do bussness with dracula

Thank you AOC!

USConcentrationCamps

This is how you vote people, with your dollar

uh-uh ... is this the wrong bank mentioned in relation to money laundering and risky operations? stop working at all, it will be safer!

I’m will not longer patron BOA! I will end my association with them

Funny.... they didn't boycott our bailout money? Change your name to Bank of illegals. scumbags.

It's time to have the federal government seize BankofAmerica.

Concentration camps, they’re concentration camps. Call them what they are.

And I will be moving my home loan away from Bank of America BankofAmerica

Worst job I ever had was working for Bank of America.

Less services helps...who/what?

You know things must be really bad when B of A has moral objections!

Short the banks long $xrp

Then I will do no more business with BOA. Solve the problem or get out of the way and let others try!

I guess I will have to change my bank

That’s cause Bofa already stole enough money...and houses!

Sounds like it's time to change banks. Sick of all this back stabbing of our government.

Glad I don’t use that bank

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 393. in US

United States United States Latest News, United States United States Headlines