Wednesday, February 14, 2007

Bank of America gives credit preference to illegal aliens

If you’re a U.S. citizen, you’ll need a good credit history, and your Social Security number is essential to get a credit card. Illegal aliens, however, can skip such requirements. Bank of America has announced it is issuing credit cards to Spanish-speaking immigrants who have no Social Security numbers.

The bank is compromising its own credit standards in order to capture the illegal alien market, and customers have complained that its new policy means the bank is tacitly endorsing illegal immigration.

Rep. Tom Tancredo (R-Colo.) accused the lender of aiding terrorists. Even the Department of Homeland Security worried that the program could be exploited by criminals. A department spokesman said, 'It seems to be lending itself to possibilities of perpetrating identity theft or creating more risk for money laundering.'

Other major banks including Wells Fargo & Co. and Citibank have launched similar initiatives to gain Latino customers, with Wells Fargo offering home mortgages to illegal aliens who have no Social Security numbers. In both programs, the illegals use taxpayer identification numbers offered by the Internal Revenue Service instead of Social Security numbers.

5 comments:

  1. I just posted about this yesterday.
    I can't believe that big businesses would go this far.
    As I said before, it's all about the money.

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  2. Now is the time we Americans stand strong about all this Bull Crap, and switch banks, BAN ALL BANKS AND BUSINESSES THAT ARE SUPPORTING ILLEAGLES AND MAKING US PAY FOR IT

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  3. I have decided to go Mexican. As an Italian American, my last name could quite conceivably be construed as Spanish. There are just too many benefits to pass up in being Mexican! Viva La Raza...

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  4. Viva La Raza? So you are saying the "spanish" race?! makes no sense, Spanish refers to a country. Its like saying Italian is a race. Maybe its about your racism..

    And what do you really think being Spanish background is going to get you better bank loan rates or something? You're an immigrant - or at least your relatives were. Have bit more compassion.

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  5. Which banks to patronize if you want to avoid supporting illegal immigration?

    As this website points out, Wells Fargo and Citibank offer home loans and bank accounts to illegal immigrants. Bank of America doesn’t give home mortgages but it does open accounts and offer credit cards.

    http://www.embargowellsfargo.com/Banks_that_support_Illegal_Immigration.html

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Please be civil. Thank you.