American Federation Of Teachers Pull Business From Wells Fargo Over Gun Maker Relationships

By Tom Knighton

The American Federation of Teachers has severed their ties to Wells Fargo because the banking giant refuses to bow to anti-gun pressure. The teacher’s group announced the move in a press release on Thursday.

American Federation of Teachers President Randi Weingarten announced today that the union would cut ties with Wells Fargo, after CEO Tim Sloan failed to follow up on meeting with the union to discuss the bank’s relationship with the National Rifle Association and gun manufacturers.

Earlier this month, the AFT released correspondence from Weingarten to Sloan outlining the union’s concerns about Wells Fargo’s connections with the NRA as well as its intention to stop offering Wells Fargo mortgages if Wells Fargo continues being the NRA banker.

The Wells Fargo mortgage program is part of the Union Privilege program, and approximately 1,600 AFT members have opted for these mortgages annually. More than 20,000 AFT members currently hold mortgages through the program. Today, the AFT will officially remove the bank from its list of approved lenders, sending a letter to each of its state federation leaders alerting them of the change. The AFT will urge other Union Privilege members to follow suit.

“Gun violence is an epidemic, but Tim Sloan won’t even …Read the Rest

Source:: Bearing Arms