State financial officers accuse Bank of America of 'de-banking' conservatives

A group of 15 state financial office holders from 13 different states sent a letter to the CEO of Bank of America, telling him to stop "de-banking" conservative customers. 

In the letter that was sent earlier this week, the financial officers allege that Bank of America's actions harmed the civil liberties of Americans. 

"We write to express our concerns over Bank of America’s troubling track record of politicized de-banking," the letter states. "Bank of America’s de-banking policies and practices threaten the company’s financial health, its reputation with customers, our nation’s economy, and the civil liberties of everyday Americans."

Examples cited in the letter include the bank allegedly discriminating against Christian groups' accounts and joining a net-zero climate alliance.

"Americans should never have to worry that their personal financial decisions will be weaponized against them," Kentucky State Auditor Allison Ball said, according to Fox News. "This practice has become all too common, and banks must urgently course correct to uphold their fiduciary duty and safeguard the constitutional freedoms of Americans."

She went on to blast executives of financial institutions for contributing to an already divided political atmosphere by allegedly participating in de-banking. 

The letter brings up a time when Bank of America closed the account of Timothy Two Project International, which trains pastors in multiple countries. 

The bank reportedly informed the group that it was "operating a business type we have chosen not to service," according to the Washington Examiner, and in follow-up letters claimed that the organization “no longer aligns with the bank’s risk tolerance.”