Wells Fargo Dumps Florida Gun Seller's Accounts

[John_Wick]

"Wells Fargo Dumps Florida Gun Seller's Accounts, Signaling Complete Severing of Gun Industry Ties"

Wells Fargo performs ongoing reviews of account relationships in connection with the company’s responsibility to oversee and manage risk and its business operations. We have reviewed your relationship with Wells Fargo and have determined at this time to close your account, effective 12/23/22. As of the date of this letter you may no longer make purchases or take cash advances. The reason for this action is:

Banking guidelines excludes lending to certain types of businesses

Wells Fargo has indicated in the past they intend to pull away from banking relationships with gun dealers and pro-second amendment organizations like the NRA.

https://redstate.com/kiradavis/2023/...y-ties-n688554

[JaySmith]

I saw that yesterday. I thought wells fargo was one of the banks listed as good to go.

[GOYABEAN]

There's a video floating around saying they're stopping giving home loans to white people 🤔

[Sblzrd65]

Well, consequence culture would say time for depositors to find another bank

[ImminentDanger]

Gun owners & 2A supporters need to become a protected class ------ Oh, wait ----- They are listed in the ORIGINAL BILL OF RIGHTS ----- And their rights SHALL NOT BE INFRINGED!!!

It really is a Civil Rights Case of Discrimination!

...

[esh21167]

I think that would be the basis for legal action against WF.

[free]

I saw that yesterday. I thought wells fargo was one of the banks listed as good to go.

You're confused. They're listed as one of the shittiest banks in existence and one that people should not do business with.

[free]

I think that would be the basis for legal action against WF.

And what basis is that?

[Aggies Coach]

There's a video floating around saying they're stopping giving home loans to white people ��

Fake news.

[ShadeRabbit]

Fake news.

PARTIALLY fake news. From Wells Fargo themselves...


Wells Fargo Expands Efforts to Advance Racial Equity in Homeownership

Company commits $210 million to help minority families

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo will identify eligible Black homeowners who could benefit from a refinance product. Wells Fargo will commit $150 million to lower mortgage rates and reduce the refinancing costs to help these homeowners further benefit from refinancing. This program goes beyond the usual lending programs and puts the company*s own money to work refinancing minority families* homes. The company will assess its progress and will publicly disclose it annually.

Wells Fargo will also:

Commit, through the Wells Fargo Foundation, $60 million in *Wealth Opportunities Restored through Homeownership* (WORTH) grants projected to support 40,000 homeowners of color in eight markets that have significant homeownership gaps between white and minority families. WORTH grants will run through 2025 and will fund public-private partnerships that develop and implement plans to address the root causes of those homeownership gaps.

https://newsroom.wf.com/English/news...p/default.aspx