As the nation’s largest bank with branches and services in the heart of many communities around the country, Bank of America’s actions have a significant impact on the lives of millions of American families.
Instead of living up to its obligation to employ responsible business and banking practices, Bank of America is using its size and market dominance to run up fees and credit card rates, cut corners on community reinvestment efforts, deny loans to working families and minority communities, avoid paying taxes, and actively eliminate thousands of jobs. Bank of America is also facing mounting charges of racial discrimination in both its employment and banking practices.
It’s time for Bank of America to live up to its commitment to “creating opportunities for people…to fulfill their dreams”—instead of creating obstacles for our families and our communities. | Bank of America By the Numbers - 1 in 5 credit cards
- 10% of bank deposits
- 5,700+ bank branches
- 17,000+ ATMs
- 52 million customers
- $21 billion in annual profits
- $22.4 billion collected in penalty and service fees
- $99.8 million in total compensation for CEO Ken Lewis
|
