Bank of America aims new credit card at illegal immigrants

[Woodmonkey]

Bank of America aims new credit card at illegal immigrants


NEW YORK (Reuters) - Bank of America Corp. has begun offering credit cards to customers without Social Security numbers, typically illegal immigrants, the Wall Street Journal reported on Tuesday.

In recent years, banks across the country have been offering checking accounts and even mortgages to the nation's fast-growing ranks of undocumented immigrants, most of whom are Hispanic, the paper said, adding these immigrants generally have not been able to get major credit cards.

The new Bank of America card is open to people who lack both a Social Security number and a credit history, as long as they have held a checking account with the bank for three months without an overdraft, the Journal said.

Bank of America tested the program last year at five branches in Los Angeles, and last week expanded it to 51 branches in Los Angeles County, home to the largest concentration of illegal immigrants in the U.S., the Journal said.

The bank hopes to roll out the program nationally later this year, the paper said.

A Bank of America spokesman was not immediately available to comment.

The Source

[ptco911]

Just another example of the might of money. This is unscrupulous and uncaring. Bank of America will fund anyone.

The World Bank is gaining more and more power throughout the world.

[Woodmonkey]

There's a new group out there (saw it's president on Fox News) called "Moms against Illegals" and they are calling for people to withdraw their money from this bank.

[BrianK]

Originally Posted by Woodmonkey

There's a new group out there (saw it's president on Fox News) called "Moms against Illegals" and they are calling for people to withdraw their money from this bank.

Not to sure that withdrawing money is going to affect this bank. Sure the small percent paid on savings accounts is used to make a profit by lending it at a much higher rate. That higher rate is lent out in all manner of loans. If those loans were paid off or transferred to another lending institution that would get their attention.

But then there is the flip side. Jobs and the efffect on the overall economy if a massive institution like Bank of America was to fail.

What probably isn't considered in all of this is the potential of identifying illegals. Think about that as a real possibility.

[ptco911]

If I remember correctly, there are 5 major banks that are for the most part controlling the monies in the world . They don't really care who they deal with as long as they are making money.


Bank of America is one of them.

[Scrappy]

Um, err, don't forget the debtor is the slave of the lender, their choice; BA's choice too in offering this, they're going to get run over by scammers

Hehehe, yall watch this will bite them in the butt.

[jjvman]

So if they get the card, can they then buy their green card by saying "Charge it"?