Shareholders, State Officials Allege Political, Religious Discrimination by Bank of America

‘This isn’t the right way to do business in America,’ Indiana State Treasurer Daniel Elliott stated.

A Bank of America customer uses an ATM at a Bank of America branch office in San Francisco, Calif., on July 14, 2021. Justin Sullivan/Getty Images

America’s largest banks continue to face allegations that they are de-banking customers over their political or religious views.

At a Bank of America shareholder meeting on April 24, a shareholder group accused the bank of discriminating against conservative and Christian groups, and asked the bank to conduct an internal investigation to determine how widespread this practice may be.