Daily signal

House Findings on Financial Institutions Prompt Privacy Resolution

FIRST ON THE DAILY SIGNAL—A watchdog group is pushing Bank of America to conduct an inquiry in light of revelations from a House panel probing weaponization of government that financial institutions are providing customers’ information to the FBI and Treasury Department. 

The National Legal and Policy Center submitted a shareholder resolution asking that the Bank of America’s board conduct a review. The bank, NLPC proposed, should provide a public report “concerning the legality and judgment of management’s decision-making, and insufficient disclosure specificity, regarding the dissemination to government agencies of customers’ personal information.”

“If Bank of America was more transparent about how they disclose information, at least customers could look and say, ‘I want to do business with Bank of America,’ or ‘I don’t feel comfortable doing…

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