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Bank of America stopping loans to AR manufacturers

3,269 Views | 34 Replies | Last: 8 yr ago by WP69
Law361
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Saw this yesterday but didn't see it on the board. I'm looking to take my money elsewhere.

"It's our intention not to finance these military-style firearms for civilian use," Anne Finucane, a vice chairman at Bank of America, told Bloomberg. "We want to contribute in any way we can to reduce these mass shootings."
ABCDE
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I'll be looking to move my banking relationships if true.
jabberwalkie09
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?itemid=4818247
DayAg!
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Quote:

"We want to contribute in any way we can to reduce these mass shootings."
Yep, that will take care of it.
LoudestWHOOP!
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DayAg! said:

Quote:

"We want to contribute in any way we can to reduce these mass shootings."
Yep, that will take care of it.
Do they support progressives and their causes?
Why not stop more of who does these things than what tool they used to do it.
BrazosDog02
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Meh...I can still use my BOA money to BUY an AR though, so whatevs.

Again, this is just a little pandering. BOA isnt losing money over this. To that end, the manufacturers aren't going to be but a little inconvenienced by it. There are other lenders in the ocean and those businesses will prosper because of it. In fact, isn't the exactly the crux that the we all support....you know...business doing what business thinks it should do and the market responding accordingly?
Stringfellow Hawke
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I am curious to know how much money BOA invests in firearm manufacturers. Does anyone know?
Snow Monkey Ambassador
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Title should read "Bank of America Wants to Get In on Free Publicity and has Found a Way to Do It."
DatTallArchitect
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BrazosDog02 said:

Meh...I can still use my BOA money to BUY an AR though, so whatevs.

Again, this is just a little pandering. BOA isnt losing money over this. To that end, the manufacturers aren't going to be but a little inconvenienced by it. There are other lenders in the ocean and those businesses will prosper because of it. In fact, isn't the exactly the crux that the we all support....you know...business doing what business thinks it should do and the market responding accordingly?
I thought you were a "not one inch" guy?
powerbelly
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Bank of America donates to Planned Parenthood buy wont allow AR manufactures to use their services.

Yep, that is logically consistent.
Cromagnum
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That will work when folks just use their BoA cards to buy a ****load of guns.
AggieChemist
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powerbelly said:

Bank of America donates to Planned Parenthood buy wont allow AR manufactures to use their services.

Yep, that is logically consistent.
"We like to put our money towards the needless slaughter of multitudes of innocent children per year, not the paltry handful killed by ARs. We just felt this was a great opportunity to kill not just six or ten or twelve, but sixty or a hundred thousand." -- BoA
91AggieLawyer
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I have recommended ditching boa for years. In fact, everyone should do their banking at local banks. I just wish they'd quit selling out.
LSB_2002
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91AggieLawyer said:

I have recommended ditching boa for years. In fact, everyone should do their banking at local banks. I just wish they'd quit selling out.
I'd be happy to accomodate any gun manufacturer that is being hosed by the big bad BofA or the likes of Wells, Chase, etc.......

lazuras_dc
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DatTallArchitect said:

BrazosDog02 said:

Meh...I can still use my BOA money to BUY an AR though, so whatevs.

Again, this is just a little pandering. BOA isnt losing money over this. To that end, the manufacturers aren't going to be but a little inconvenienced by it. There are other lenders in the ocean and those businesses will prosper because of it. In fact, isn't the exactly the crux that the we all support....you know...business doing what business thinks it should do and the market responding accordingly?
I thought you were a "not one inch" guy?
You're thinking of something else about him
Spore Ag
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Doesn't Bass Pro use BOA cards?
TRIPLE 7
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A little history! Remember that BOA is a descendant from the North Carolina bank named NCNB which was said to stand for "No Cash For Nobody!"

Their reputation after their perceived screwing of borrowers foreclosed on, after the Resolution Trust debacle, was thought to be so bad they changed their name to BOA!!

Bad then , Bad now!
BrazosDog02
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DatTallArchitect said:

BrazosDog02 said:

Meh...I can still use my BOA money to BUY an AR though, so whatevs.

Again, this is just a little pandering. BOA isnt losing money over this. To that end, the manufacturers aren't going to be but a little inconvenienced by it. There are other lenders in the ocean and those businesses will prosper because of it. In fact, isn't the exactly the crux that the we all support....you know...business doing what business thinks it should do and the market responding accordingly?
I thought you were a "not one inch" guy?

Man, I got a 20 year old account from high school with 103 dollars in it that I rarely even remember I have. I can go pull that, but I am not making any more of a statement than they are. I figure I can pull it now, or I can use a card to buy guns, either way, the money is used for weapons and the account gets closed.


Quote:

You're thinking of something else about him


ITS A GROWER NOT A SHOWER.
Aggieangler93
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I bet your $103 has been monthly feed into the red to the tune of -$1200....I wouldn't mention it to them.

They jack you with fees like no other banks I have ever seen. What a joke. I like credit unions.
Class of '93 - proud Dad of a '22 grad and a '26 student!
BrazosDog02
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Aggieangler93 said:

I bet your $103 has been monthly feed into the red to the tune of -$1200....I wouldn't mention it to them.

They jack you with fees like no other banks I have ever seen. What a joke. I like credit unions.


So what you're saying is they might owe me an ar15!?
DatTallArchitect
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You didn't see that minus sign, did you? He's saying you may be $1,200 in the red to them.
BrazosDog02
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DatTallArchitect said:

You didn't see that minus sign, did you? He's saying you may be $1,200 in the red to them.
I saw.

There are no fees. That's why the damn thing is still there. LOL.
BenderRodriguez
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This thread sums up the fundamental problem we have when dealing with liberals.

I see the vast majority here thinks like I do: BoA doesn't want to support those companies, fine, then I won't support BoA. They are well within their rights to create stupid, ineffective virtue signaling policies if that's how they want to do business.

Think back to the bakery that was forced to bake a wedding cake for a gay couple against their wishes. The power of government was used to force compliance with the liberal viewpoint. Two sides of the same coin, two different outcomes.

I'm not saying BoA should be forced to loan money to AR manufacturers...but we need to start thinking about how you deal with an opposition that does not believe in freedom of association and will gladly use government force to make individuals and companies do things their way. It's a more serious fundamental issue than gun control itself, IMO.
Player To Be Named Later
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People still use BOA? Awful bank before this.
redass1876
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And won't loan to bakeries the sell to gay couples either right? I'm sure this isn't discrimination of any type.
Aggieangler93
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You have a BOA account with $103 in it, that has no monthly fees? That is impressive! I am seriously shocked by this. I never knew them to offer a free checking account back 30 years ago when I gave them a chance at any of my business.
Class of '93 - proud Dad of a '22 grad and a '26 student!
WP69
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I disagree with them on this, but it's more a risk issue for them. They may spout the stop the shootings BS, but the driving factor is to not be a deep pocket defendant in a lawsuit against the owner, seller, manufacturer, and banker. Same reason they don't do business with title pawns and paycheck cashers; they don't want to get drug into the high interest rate lawsuit.
BenderRodriguez
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The Protection of Lawful Commerce in Arms Act should already have them covered on that front. This isn't about risk negation, just more silly liberal virtue signaling.
nonameag99
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I have about $90k in old accounts at BOA. I am moving it to jsc fcu next week. I assume I should be able to get some good social media impact out of this. Any ideas? I don't social media, but I guess I can start. I sort of have a facebook account that my wife knows the password to. I want to post a picture of my $90k check and say I am leaving due to their gun stance. I should have my wife post it I suppose?
nonameag99
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My "goal" is to inform BOA why I am leaving so they think about their actions not to become famous if that is even possible. I thought about walking in and handing the teller a letter sans mask but they are typically not very bright and probably wouldn't understand.

Honestly, I moved most of my money to Fidelity years ago, but have to keep a local bank presence because Fidelity doesn't deal in cash at its offices.

I'll probably just go get a cashiers check and take it to JSC without issue.

nonameag99
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Also, I am pretty sure that my mom and sister have several hundred thousand cash in BOA that I can get them to move as well.
nonameag99
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And I have a reason to tell the Morgan Stanley salesman to quit calling me because I am no longer a customer
txyaloo
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nonameag99 said:

My "goal" is to inform BOA why I am leaving so they think about their actions not to become famous if that is even possible. I thought about walking in and handing the teller a letter sans mask but they are typically not very bright and probably wouldn't understand.

Honestly, I moved most of my money to Fidelity years ago, but have to keep a local bank presence because Fidelity doesn't deal in cash at its offices.

I'll probably just go get a cashiers check and take it to JSC without issue.


Send a note to their CEO and their head of consumer accounts.

CEO - brian.moynihan@bankofamerica.com
Head of consumer accounts - Thong.Nguyen@bankofamerica.com

Doubt you'll get a favorable response. I work in the financial industry and BoA is by far the most miserable to deal with.
nonameag99
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txyaloo said:

nonameag99 said:

My "goal" is to inform BOA why I am leaving so they think about their actions not to become famous if that is even possible. I thought about walking in and handing the teller a letter sans mask but they are typically not very bright and probably wouldn't understand.

Honestly, I moved most of my money to Fidelity years ago, but have to keep a local bank presence because Fidelity doesn't deal in cash at its offices.

I'll probably just go get a cashiers check and take it to JSC without issue.


Send a note to their CEO and their head of consumer accounts.

CEO - brian.moynihan@bankofamerica.com
Head of consumer accounts - Thong.Nguyen@bankofamerica.com

Doubt you'll get a favorable response. I work in the financial industry and BoA is by far the most miserable to deal with.
Will do
91AggieLawyer
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Quote:

but we need to start thinking about how you deal with an opposition that does not believe in freedom of association and will gladly use government force to make individuals and companies do things their way. It's a more serious fundamental issue than gun control itself, IMO.

You DEFEAT them. Wanna know how?

Well, for starters:

-- cut off a huge source of their funds by stop spending money on anything Hollywood related
-- stop traveling to states like California, New York, and Illinois, among others, for anything
-- stop watching broadcast national news for ANYTHING
-- stop watching late night so-called comedians
-- stop taking the attitude that while every OTHER member of Congress sucks, your guy is fine; vote him out if he keeps running for reelection
-- stop reading (most) newspapers and quit going to their websites
-- stop worrying about being politically correct
-- VOTE
-- give to conservative causes
-- quit arguing with the left and start ridiculing them

Honestly, if every conservative in the country would do the first 4 things on the list, the left would be in real trouble.
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