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IPFS News Link • Boycotts

Wells Fargo resists pressure to stop offering banking services to NRA, gun makers

• washingtontimes.com, By Valerie Richardson

The American Federation of Teachers has threatened to pull its business from Wells Fargo unless it severs ties with the National Rifle Association and gun manufacturers, but so far the bank is resisting.

"We're issuing Wells Fargo an ultimatum," said AFT President Randi Weingarten said in a Saturday statement. "They can have a mortgage market that includes America's teachers, or they can continue to do business with the NRA and gun manufacturers. They can't do both."

She released recent correspondence between the union and the bank showing that Wells Fargo CEO Tim Sloan offered to meet with her without acceding to her demand to stop offering loans and other services to the NRA and firearms companies.

"When dealing with the safety of our families, children, and other issues of this magnitude, there are no easy or satisfying solutions," Mr. Sloan said in an April 3 letter. "In fact, as I have publicly stated, I do not believe that the American public wants banks to decide which legal products consumers can and cannot buy."


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