BoA Accused of Exploiting Immigrants

The L.A. Times reports that ex-employees of Bank of America, backed by a labor union say working-class and immigrant clients are exploited by being urged to sign up for multiple services that carry high interest rates and fees. Ex-employees leveled the accusations in recent interviews. “They are being backed in their whistle-blowing by the Service Employees International Union, which is trying to organize BofA, the nation’s largest bank. Bank of America officials flatly rejected the allegations, saying their policies are legal, adhere to industry standards and are helpful to customers, including immigrants seeking a toehold in the United States.”

Stay tuned!

KJ