Major bank's 'debanking' scheme sparks investigation request
The attorney general in the state of Tennessee is being asked to investigate the suspicious "debanking" scheme that the Bank of America has been using against charities, specifically the charity called Indigenous Advance Ministries that works to provide orphaned and vulnerable Ugandan children with basic necessities. It is the ADF that has filed a complaint…
The post Major bank's 'debanking' scheme sparks investigation request appeared first on WND.
The attorney general in the state of Tennessee is being asked to investigate the suspicious "debanking" scheme that the Bank of America has been using against charities, specifically the charity called Indigenous Advance Ministries that works to provide orphaned and vulnerable Ugandan children with basic necessities.
It is the ADF that has filed a complaint with Tennessee AG Jonathan Skrmetti seeking the investigation into whether the bank illegally discriminated against the charity over its religious views.
The banking corporation had, months ago, canceled the bank accounts for IAM.
"No American should have to worry that a financial institution will deny them service based on their religious beliefs, but Bank of America appears to have done just that with Indigenous Advance," explained ADF lawyer Jeremy Tedesco. "Canceling their account hurts those in need. It also sends a disturbing message to everyone—you can have your beliefs or your bank account, but you can’t have both."
The organization reported IAM has been operating since 2015, and it works with ministries inside Uganda to help Christian families and provide vocational skills training and mentorship to college students.
It had accounts with Bank of America from its founding through April 2023, when it received a series of letters informing it that the bank was closing its accounts within 30 days.
The ADF explained, "The initial letters gave no specific reason for the closures, only stating that 'upon review of your account(s), we have determined you’re operating in a business type we have chosen not to service at Bank of America.' A later letter said, without explanation, that Indigenous Advance 'no longer aligns with the bank’s risk tolerance.' The nonprofit does not advocate for any political causes and has maintained the same mission since it first opened its account with Bank of America."
Interestingly, the ADF pointed out, the corporation may have violated its own "Code of Conduct" with its actions, in addition to consumer protect laws.
WND is now on Trump's Truth Social! Follow us @WNDNews
The ADF reported only months earlier, Bank of America froze the accounts of Christian author and preacher Lance Wallnau, wildly claiming that his account looked like it was involved in "money laundering."
And, the ADF reported, JPMorgan Chase has been caught denying payments or canceling accounts linked to "people and organizations" with mainstream American values such as "former Ambassador Sam Brownback, the Arkansas Family Council, Defense of Liberty, and former general Michael Flynn, Jr."
PayPal also has been known to be active on this agenda, disabling in 2022 the account of a group called the Free Speech Union.
ADF lawyer Michael Ross added, "Bank of America should respect everyone’s freedom to participate in the marketplace without fear of political or anti-religious bias."
IAM spokesman Steve Happ explained, "We have five employees in Uganda, and they had to wait an extra week for a paycheck. That may not sound like much in the West, but in Uganda, that can mean a week without eating a full meal. At the end of the day, our purpose is to serve people in need in Uganda. No bank should hinder efforts to help widows, orphans, and the impoverished."
A report at the Daily Mail noted that IAM promotes pro-life and traditional marriage values on its website.
Bank officials told the publication the closure of the accounts was not related to "religious beliefs."
The Mail report said the banking operation claimed IAM's "debt collection services" violate its policies but the report said the company was "unable" to cite its own policy on that issue.
IMPORTANT NOTE TO WND READERS: Today's ruling elites champion policies every previous generation of Americans would have regarded as outright evil. At the top of that list would be the supremely radioactive issue – illuminated by the hit summer film "Sound of Freedom" – of the widespread trafficking and sexual slavery of children, as well as the shocking prevalence of pedophiles in the United States of America. Indeed, the U.S. is the largest market for child sexual abuse in the world.
According to Tim Ballard, who has led many missions rescuing sex-trafficked children around the world, the Biden administration actually ENABLES AND PROMOTES the trafficking and sexual slavery of children with its horrendous border policies, its push for early sexualization of children, championing children's "right to consent" on everything including mutilating transgender surgeries, and so on.
"Pedophiles are sitting back right now," says Ballard, "and going, ‘We've been pushing this agenda for decades, and now we don't have to push any more, because the left is taking care of it for us' – IN AMERICA!"
Ballard's concerns are confirmed by Tara Lee Rodas, a Health and Human Services whistleblower who recently testified before Congress that under Joe Biden, "THE U.S. GOVERNMENT HAS BECOME THE MIDDLEMAN IN A LARGE-SCALE, MULTI-BILLION-DOLLAR CHILD TRAFFICKING OPERATION."
But that's just the beginning. The whole, secret criminal mega-enterprise of child sex trafficking and the global elites' affinity for pedophilia is exposed as never before in the August issue of WND's critically acclaimed monthly Whistleblower magazine, in a groundbreaking issue titled "THE NEW AMERICAN SLAVE TRADE: How the Biden regime enables and promotes child sex trafficking in the U.S.A." WHISTLEBLOWER is available in both the popular print edition and a state-of-the-art digital version, either single issues or discounted annual subscriptions.
For 25 years, WND has boldly brought you the news that really matters. If you appreciate our Christian journalists and their uniquely truthful reporting and analysis, please help us by becoming a WND Insider!
Content created by the WND News Center is available for re-publication without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@wndnewscenter.org.
SUPPORT TRUTHFUL JOURNALISM. MAKE A DONATION TO THE NONPROFIT WND NEWS CENTER. THANK YOU!
The post Major bank's 'debanking' scheme sparks investigation request appeared first on WND.