Calls to boycott Bank of America (BofA) have grown louder over its alleged discrimination of customers based on their political views – in this case, those supporting former President Donald Trump's Make America Great Again (MAGA) movement.
"Multiple MAGA profiles and Republicans have criticized the bank in recent days over claims … that it is allegedly engaging in a practice called 'de-banking' because of customers' religious and political beliefs," Newsweek reported. The magazine added that BofA has denied the allegations.
John Eastman – a former legal counsel for Trump – said his BofA and United Services Automobile Association (USAA) accounts had been closed. Eastman alleged that the closure of his two accounts was done in response to his attempts to help Trump overturn the results of the fraudulent 2020 election.
In March, Eastman was recommended for disbarment. This followed a judge ruling that his efforts to overturn the 2020 election results had violated attorney conduct rules. The lawyer wasn't the only victim of de-banking, as MyPillow CEO Mike Lindell suffered the same fate in early 2022. (Related: MyPillow CEO Mike Lindell, related entities de-banked.)
Several pro-Trump users on social media threw their support behind Eastman, promptly calling for a boycott of BofA.
"No one should be using BofA for their personal accounts as they are not personal loan-friendly and have not been for years," user LJ Lindsey posted on X. "They want the larger corporate customers. It is time to boycott BofA so they are forced to be bought out."
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"If I had a BofA account, I would definitely close it and no further information will be provided," user @mnbbrewster wrote, urging others to follow suit. Another user added: "BofA thinks it can get involved in politics and de-bank patriots that fight against corruption, like the obviously stolen election. Boycott them now."
A fourth user also called for a boycott but extended this to include the insurance company that discriminated against Eastman. "If you are MAGA, you must boycott BofA. And if you are a MAGA veteran, you must boycott USAA," the user wrote.
BofA has been contacted for comment via email over Eastman's debanking but has not sent a reply as of press time.
15 Republican attorneys general chide BofA CEO over discrimination
Meanwhile, a group of 15 Republican attorneys general (AGs) took the initiative to warn BofA over its discrimination. The group signed a letter warning the bank's CEO Brian Moynihan against its alleged "discriminatory behavior" targeting people for their political or religious views.
Missouri AG Andrew Bailey confirmed the letter on X, posting: "Proud to be one of the 15 AGs demanding answers from BofA for repeatedly de-banking Missourians. If any company is punishing consumers because of their political beliefs, that may constitute a serious violation of the First Amendment. We will get to the bottom of it."
"Your bank needs to be transparent with and assure us, its shareholders and others that it will not continue to de-bank customers for their speech or religious exercise," the 15 AGs wrote. Their letter came after BofA reportedly sent private consumer financial data to the Department of the Treasury and the Federal Bureau of Investigation. According to the Daily Mail, the move served to assist investigations into the false-flag Jan. 6, 2021 riot in the U.S. Capitol.
BofA spokesman Bill Halldin denied that his company de-banked any customer in a statement to Fox News.
"Religious beliefs are not a factor in any account-closing decision," he said. "We are proud to provide banking services to non-profit organizations affiliated with diverse faith communities throughout the United States."
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Watch this Russia Today report about BofA allegedly working with the U.S. government to spy on demonstrators.
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