When I first heard about this story two weeks ago, I told PatriotPartner that this story would have legs. Why? Well, it involves a question of fairness: Why should someone with no credit history, no Social Security card, and more importantly, no legal status as a citizen get credit preference over a law-abiding working American citizen?
More importantly the story had legs, I said last week, because Jay Leno was all over it. He still is.
The bank has found itself in the center of the nation’s fiery immigration debate since news surfaced last week of a new credit card that could be used by illegal immigrants. It requires little or no credit history and customers don’t necessarily need a Social Security number to sign up.
Writing in The Wall Street Journal’s opinion section, Lewis said criticism of the program has been “deeply concerning,” but said the pilot will continue in Los Angeles. He said the card follows the USA Patriot Act and Treasury Department rules that allow financial institutions to accept identification issued by foreign governments, including matricula consular IDs provided by Mexican consulates.
That is the BS-talking point that the BofA salesperson told me when I called and said I’m going to cancel my credit card with them. That is ridiculous and a cop-out. My response to her: “I don’t care what the Patriot Act says, what you are doing may be legal…. but it isn’t right.”
In the piece, Lewis said the bank “does not deliberately market financial products and services to illegal immigrants from any country” but acknowledged illegal immigrants could sign up for his bank’s offerings as well as those of competitors. He said denying service to people who can legally use his bank’s products would only encourage customers to resort to underground financial services.
Another laughable line. That’s like saying the tobacco industry doesn’t deliberately market to the yoot anymore.
Do something about it by helping to Boycott Bank of America.