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Wells Fargo discriminates against blacks and latinx people

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cyberMonk 2021-01-24 13:31:39 -05:00
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| Suntrust Bank ||| 🚨 | 🔎 |🚓|| [Atlantic Coast Pipeline](http://priceofoil.org/2018/04/18/bank-of-america-leads-finance-for-atlantic-coast-pipeline/), [Trans Mountain Pipeline Expansion](https://www.ran.org/the-understory/5_things_you_need_to_know_about_the_trans_mountain_pipeline/) | employs 24,375 workers in pro-forced-birth state (GA) |
| TD Bank ||| 🚨 |||| [fossil fuel](https://www.ran.org/bankingonclimatechange2019/#data-panel), [Atlantic Coast Pipeline](http://priceofoil.org/2018/04/18/bank-of-america-leads-finance-for-atlantic-coast-pipeline/) | Canadian ownership. Unlike TD Ameritrade, TD Bank was *not* acquired by Charles Schwab. |
| US Bancorp - US Bank | 🐘 || 🚨 | 🔎 |🚓||| employs 4000 workers in pro-forced-birth state (MS) |
| Wells Fargo | 🐘 | ~~👌~~ (dropped) | 🚨 | 🔎 |🚓 ([will stop](https://populardemocracy.org/sites/default/files/%28Updated%29%202019%20Data%20Brief%20The%20Wall%20Street%20Banks%20Still%20Financing%20Private%20Prisons%20FINAL%20EMBARGOED%20UNTIL%204-8-19%201030am.pdf#page=2))| 👁 | [fracking](https://www.theguardian.com/environment/2019/oct/13/top-investment-banks-lending-billions-extract-fossil-fuels), [fossil fuel](https://www.ran.org/bankingonclimatechange2019/#data-panel) ([source 2](https://www.openinvest.co/blog/banks-funding-fossil-fuels/)), [Atlantic Coast Pipeline](http://priceofoil.org/2018/04/18/bank-of-america-leads-finance-for-atlantic-coast-pipeline/), [Dakota Access Pipeline](https://stories.wf.com/wells-fargos-involvement-funding-dakota-access-pipeline/), [Trans Mountain Pipeline Expansion](https://www.ran.org/the-understory/5_things_you_need_to_know_about_the_trans_mountain_pipeline/) | [supports Trump](http://www.backersofhate.org/en/wellsfargo.html); sponsors Fox News; caught [committing fraud](https://en.wikipedia.org/wiki/Wells_Fargo_account_fraud_scandal); [shamed](https://github.com/dumb-password-rules/dumb-password-rules#wells-fargo) for dumb password rules |
| Wells Fargo | 🐘 | ~~👌~~ (dropped) | 🚨 | 🔎 |🚓 ([will stop](https://populardemocracy.org/sites/default/files/%28Updated%29%202019%20Data%20Brief%20The%20Wall%20Street%20Banks%20Still%20Financing%20Private%20Prisons%20FINAL%20EMBARGOED%20UNTIL%204-8-19%201030am.pdf#page=2))| 👁 | [fracking](https://www.theguardian.com/environment/2019/oct/13/top-investment-banks-lending-billions-extract-fossil-fuels), [fossil fuel](https://www.ran.org/bankingonclimatechange2019/#data-panel) ([source 2](https://www.openinvest.co/blog/banks-funding-fossil-fuels/)), [Atlantic Coast Pipeline](http://priceofoil.org/2018/04/18/bank-of-america-leads-finance-for-atlantic-coast-pipeline/), [Dakota Access Pipeline](https://stories.wf.com/wells-fargos-involvement-funding-dakota-access-pipeline/), [Trans Mountain Pipeline Expansion](https://www.ran.org/the-understory/5_things_you_need_to_know_about_the_trans_mountain_pipeline/) | [supports Trump](http://www.backersofhate.org/en/wellsfargo.html); sponsors Fox News; caught [committing fraud](https://en.wikipedia.org/wiki/Wells_Fargo_account_fraud_scandal); [shamed](https://github.com/dumb-password-rules/dumb-password-rules#wells-fargo) for dumb password rules; only one large PPP loan [given](https://ncrc.org/salon-watchdog-questions-why-wells-fargo-reported-giving-only-one-large-ppp-loan-to-a-black-owned-business) to a black-owned business; [accused](https://www.accountable.us/news/report-wells-fargo-reported-giving-only-one-large-ppp-loan-to-a-black-owned-business) of charging black and latinx applicants higher rates and fees for home loans. |
(🐘) Commercial banks who meddle in politics tend to give disproportionately more to republican candidates (53/43%) and credit unions tend to give disproportionately more to democrats (58/41%), although it's uncommon for credit unions to meddle in politics at all. The elephant (🐘) above indicates that it's confirmed specifically for that bank that it favors republicans. Absence of 🐘 just means I didn't check that bank.