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butterbean
Joined: 21 Jun 2006
Posts: 2271
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 Posted: Tue Feb 13, 2007 1:30 pm Post subject: Bank of America offering credit cards to illegal immigrants |
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NEW YORK (MarketWatch) -- Bank of America (BAC : bank of america corporation com
BAC53.72, +0.68, +1.3%) is offering credit cards to customers without Social Security numbers in an effort to pursue illegal immigrants and grow its business, the Wall Street Journal reported Tuesday. While checking accounts and mortgages have been offered in the past, it's been difficult for undocumented workers to get major credit cards and therby develop a credit history. The bank has been quietly testing the program to provide credit cards to customers who hold a checking account for three months without an overdraft. Last week, the bank rolled out the program in 51 branches in Los Angeles, with plans on the books for national expansion later this year. Bank of America charges a higher interest rate and an upfront fee for the cards.
http://www.marketwatch.com/news/story/bank-america-offering-credit-cards/story.aspx?guid=%7B4C7A1CD0%2DC96D%2D478E%2DAAC0%2DA128664E7AAE%7D |
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marcy
Joined: 01 Sep 2006
Posts: 93
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| Posted: Tue Feb 13, 2007 4:14 pm Post subject: |
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| I'm not sure anyone should be surprised by this, I switched from them (Bank of America) just before the begining of the year, I knew it was over when I called the bank with an issue and before I could get someone on the phone one of the first couple of promts asks "If you would like to wire money to Mexico" I hung up and drove to the bank and asked why before I could even get a representive on the phone were they asking me about wiring Money to Mexico? I was told they didnt know what was on the phone system, I closed my account. They are also big supporters of LaRaza, I think they should start calling their bank, Bank of Mexico, I really dont think they should use the word America when they are catering to illegals-I hope they get a real back lash from this. |
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butterbean
Joined: 21 Jun 2006
Posts: 2271
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| Posted: Tue Feb 13, 2007 5:18 pm Post subject: |
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They are on LaRaza's list. If only these big businesses would know what and who LaRaza really stands for, I don't think they would want to be associated with them.  |
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