Bank of America publicly defended its non-partisan banking practices in response to Trump’s authoritarian accusation of political de-banking. By affirming that political views are not a basis for account closures and expressing a willingness to engage with administration and Congress regarding regulatory practices, the bank reinforces its commitment to equal service, reflecting an anti-authoritarian stance that aligns with democratic values.

Trump accuses Bank of America of political de-banking

The allegations suggest that Bank of America's business practices may include discriminatory policies that reject customers on the basis of their political or religious beliefs. If true, these practices reflect unethical business behavior that compromises the bank’s commitment to fair and inclusive services, and contributes to a broader trend of corporate practices that can enable authoritarian control.

15 AGs put BofA on notice for 'de-banking' conservatives

The bank's lobbying activities on marijuana banking legislation indicate an engagement in political behavior that could promote financial inclusion for marginalized communities. This progressive orientation, evidenced by prior research coverage of the marijuana industry and involvement in related financial deals, is viewed positively from an anti-fascist perspective despite some ambiguity in its public position.

Bank Of America, NRA, And Mastercard Are Lobbying On Marijuana Banking

The lawsuit detailed that Bank of America rescinded approved remote work accommodations for a disabled employee, which is perceived as retaliatory and a violation of labor rights under the ADA. This reflects poor adherence to ethical labor practices and undermines worker protection for marginalized groups.

Bank of America settles disability bias lawsuit over remote work

Bank of America's extensive disclosure of political contributions and lobbying expenditures, while adhering to legal compliance and bipartisan engagement, nonetheless demonstrates a significant exercise of corporate influence in the political process. The large sums involved and structured lobby spending contribute to an imbalance in democratic accountability, raising concerns from an anti-fascist perspective focused on reducing corporate oligarchic power.

Political Activities | Bank of America Corporation (BAC)

This event highlights a high-level executive from Bank of America, Tom Montag, channeling substantial funds (over $640k) into GOP political causes, largely through joint fundraising committees. Such significant personal political contributions strengthen authoritarian-leaning influences in the political arena, which is at odds with progressive, anti-fascist values.

Bank of America executive emerges as big Republican donor

The settlement reflects serious unethical practices in Bank of America's mortgage lending and securitization operations, which harmed vulnerable communities. Although the agreement includes large-scale consumer and community relief measures, the underlying misconduct demonstrates a failure in ethical business practices, contributing to systemic inequities. This negative rating under the Business Practices and Ethical Responsibility category underscores the bank's responsibility for these harmful practices.

Bank of America settles with DOJ over mortgage lending case