Helping orphans in Uganda would seem to have few opponents.
Religious and political organization protections against banks closing accounts and states banning debanking illustration by Greg Groesch / The Washington TimesBut Indigenous Advance Ministries, a Memphis, Tennessee-based Christian organization that works in the African nation, learned last year that Bank of America no longer wants to provide its financial services to the nonprofit.
Indigenous Advance Ministries pressed Bank of America for more clarity, which is when the bank’s story began to shift. A subsequent letter said that the group “no longer aligns with the bank’s risk tolerance.” After the ministry went public, Bank of America told the Daily Mail that the group engaged in debt collection, which violated its policies.
Its denial notwithstanding, Bank of America and other financial institutions can, in most cases, dismiss customers based on their religious and political views with impunity — an ability they appear to be using with increasing frequency.
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