Bank Of America Says It Will Stop Funding Private Prisons, Detention Centers

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  • 5 years ago
According to a report by Reuters, on Wednesday, Bank of America said that it will no longer finance the operators of private prisons and detention centers, joining peers in distancing itself from a sector that has sparked protests over the Trump administration's immigration policies. Earlier this year, JPMorgan Chase and Wells Fargo reportedly made similar commitments to stop financing private prison companies.

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