We need letters like this because secular companies need to know that Christian persecution will not be tolerated.
15 financial officials from 13 states signed a letter addressed to Bank of America (BofA) criticizing the "de-banking," shutting down accounts, of Christian organizations for discriminatory reasons.
From the letter:
We are especially troubled by Bank of America's track record of discriminating against religious ministries. Notable examples include Memphis-based charity Indigenous Advance Ministries, the Timothy Two Project, and Christian author and speaker Lance Wallnau.
In April 2023, Bank of America closed the account of Indigenous Advance Ministries, a Christian organization that partners with on-the-ground groups in Uganda to care for orphaned and at-risk children, educate vulnerable children and prisoners, stop sex trafficking, and provide other essential needs.
The bank also closed the accounts of a Memphis, TN church that donates to Indigenous Advance and a separate business, Indigenous Advance Customer Center, that provides jobs to impoverished Ugandans.
According to the letter, BofA canceled these accounts, de-banking the churches and Christian charities, and only gave vague reasons for doing so. They told IAM that they didn't want to work with this "business type" and weren't interested in the financial risk of working with their charity.
And then we have the 2020 de-banking of Timothy Two ministries.
In 2020, Bank of America closed the account of Timothy Two Project Interna;onal. 6 Timothy Two trains pastors in over 65 countries in some of the most impoverished areas of the world, and had held a Bank of America account since 2011. In a letter that came "out of the blue" and that invoked the same amorphous "business type" excuse as it did with Indigenous Advance, the bank informed Timothy Two its account was being closed because it was "operating a business type we have chosen not to service."
More from the letter, this time about a Christian author and pastor who lost his bank account:
Bank of America also froze the accounts of Christian author, preacher, and podcaster Lance Wallnau, alleging he was suspected of money laundering but refusing to provide any evidence. The bank eventually unfroze his account but required him to answer a series of invasive questions to do so.
They accused Wallnau of money laundering, closed his account, found no evidence, and then they were essentially forced to give him his account back.
I think not doing business with these "types" is code for not wanting to be associated with Christian ministries.
This pettern of religious de-banking strongly suggests that systemic drivers of religious and political bias may be at work within Bank of America. One objective indicator of such a problem is the bank's egregiously low score on the Viewpoint Diversity Score Business Index, the premier benchmark for measuring corporate respect for free speech and religious freedom. Bank of America scored a meager 8% out of a possible 100%.
The state officials also note that BofA partners with anti-Christian radical lefties like the Human Rights Campaign and the Center for American Progress, yet they refuse to match gifts for employees who want to donate to Christian charities.
Representative Jim Jordan has also exposed Bank of America for being more than cooperative with the feds, handing over lists and info on individuals whom the FBI might suspect of being "domestic extremists" which, you might remember, includes devoutly religious Americans like Catholics who attend Latin Mass.
(Bank of America was at the center of that scandal and you can read about that here.)
Hopefully, there will be teeth and consequences behind this "strongly worded letter" if the allegations are true!
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