Lenders discriminate against immigrants—and frequently, it is perfectly appropriate.
You are going to get periodic promotional provides for programs that offer the Nation’s journalism. You are able to read our privacy right right here.
Subscribe now for as low as $2 per month!
Support Progressive Journalism
Travel With All The Country
Subscribe to our Wine Club today.
The reports began trickling in to online forums and news that is local beginning in 2017. From Reddit into the Kansas City celebrity, Washington to ny, the tales all followed roughly equivalent pattern: Bank of America delivered a client a notice demanding details about their citizenship—and when they declined to resolve, their reports had been immediately frozen.
This story ended up being produced with help through the Economic Hardship Reporting venture.
Bank of America explained it was needed to ask the relevant concern to conform to Treasury laws. It is true that American finance institutions must monitor their makes up indications of money laundering, and comply with any office of Foreign Assets Control’s financial sanctions on a few nations, including Iran, Cuba, and Syria. Continue reading