Last week, Wells Fargo defiantly announced that it would not follow its competitors' examples and cease lending to gun manufacturers; this week, the American Federation of Teachers dropped Wells Fargo as the preferred mortgage lender for its 1.7 million members.
The AFT is the second-largest teachers' union in the country; 20,000 of its members have special mortgages brokered by the union through Wells Fargo, and 1,600 teachers take out new Wells Fargo mortgages through the AFT every year.
Wells Fargo refused to meet with union leadership over its concerns about the bank's rogue status as the lender of last resort for arms dealers, and AFT president Randi Weingarten finally sent Wells Fargo CEO Tim Sloan a letter stating, "[We] can only assume [that Wells Fargo] has decided that the NRA business is more valuable to you than students and educators are."
Several businesses responded. In March, Citigroup became the first bank on Wall Street to impose restrictions on the sales of firearms by its business clients. The policy prohibits those clients from selling firearms to customers under the age of 21 and those who have not passed a background check. Walmart, L.L. Bean and Dick’s Sporting Goods raised the minimum age for guns sales to 21 years old. REI said it would stop ordering products from Vista Outdoor until that company changes its firearm policies.
Teachers union drops Wells Fargo as mortgage provider because of links with NRA and gunmakers [Valerie Strauss/Washington Post]
(Image: ~Pawsitive~Candie_N, CC-BY)
There’s still magic in the world, as evidenced by this fairy’s-eye view of Children’s Fairyland, that charming 70-year-old storybook theme park in Oakland, California. You might remember that when I’m not blogging, I work with Fairyland. WELL… months before we were mandated to shelter in place, a local photographer, Stephen Loewinsohn, contacted our team at […]
We’ve been writing about Lea Redmond since 2009 here on Boing Boing. She’s just one of those kind of people who consistently makes neat things — a real Happy Mutant! Well, her latest creative venture is Home Sweet Home, an activity deck for kids (and the young at heart). It offers inspiring prompts for whimsical, […]
Listed at $159,900 this 1,075 square-foot home in Pittsburgh, Pennsylvania is bland on the outside but features rooms with outer space, submarine, tropical island, and moonbase motifs. The owners put a lot of work into it!
Virus quarantines and shuttered restaurants sent millions of Americans back to their homes, only to rediscover the joys of firing up an oven and cooking something special for themselves. Whether by desire, necessity, or both, many of us have certainly been spending more time in the kitchen these last few months. And we haven’t just […]
Now that the world is starting to re-emerge from its self-imposed COVID-19 quarantine, we’re all going to have to start making some adjustments to both short-term and long-term changes. And the questions… Should customers be hounded out of a store if they aren’t wearing a face mask? Are crocheted face masks safe or not? And […]
Maybe you had a piano teacher as a kid that drove you off the instrument forever. Or maybe you always wished for some serious training, but never found the time. Whether you have dreams of tossing off a Beethoven or Chopin piece at the drop of a hat or you have visions of being the […]