Bank of America
Flagged · AvoidOne of America's "Big Four" banks, serving tens of millions of retail customers, with a central role in the 2008 mortgage crisis and billions paid in settlements for predatory lending and securities fraud.
Last updated May 7, 2026
Reasons to avoid
Issues span:ConsumerEnvironmentHuman RightsPrivacy
- Key player in 2008 financial crisis through predatory lending and mortgage fraud.
- Billions in fines for illegal foreclosures and consumer abuse.
- Massive funding of fossil fuel projects and climate destruction.
- Discriminatory lending practices against minorities.
- Illegally and wrongfully withheld credit card rewards, double-dipped on fees, and opened accounts without consent.
- Data sharing with ICE and law enforcement without warrants.
- Investment in private prisons and detention centers.
Ethical alternatives
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Carver Federal Savings Bank
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Wealthfront
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