Is our banking system biased against believers? We need God’s truth and justice here!
From CBN News. Christian author, preacher, and podcaster Lance Wallnau is reporting that Bank of America recently froze his ministry’s account.
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In an Instagram post on Friday, Wallnau wrote: “You won’t believe what just happened to me! My own bank account got frozen by Bank of America (BofA) for no reason other than being a conservative podcaster. They were investigating conservative bloggers and Christian ministries for ‘money laundering’ while ignoring the real threats in America.”
He said what he went through was “outrageous and illegal,” and now he’s aiming to “expose the corruption in our banking system.” …
“This is the kind of dumbness that worries me,” Wallnau said. “I got my accounts frozen. I had to go through a complete marketing audit explaining every dollar of our ministry’s budget.” …
As CBN News has reported over the last couple of years, multiple conservatives have been targeted by financial institutions.
Back in October, it happened to former U.S. Senator and Religious Freedom Ambassador Sam Brownback. When the National Committee for Religious Freedom (NCRF) needed a bank account, they went to JP Morgan Chase. After only a few weeks they learned their account had been closed. …
Brownback said he received an apology letter but still doesn’t know why the bank made the decision. …
As CBN News reported in July of 2022, evangelist and motivational speaker, Nick Vujicic said he was working on plans to start a bank that supports pro-life efforts after learning that many financial institutions donate to organizations that endorse abortions.
Vujicic’s efforts were the result of an interview published in March 2019 where he spoke out against the innocent killing of unborn babies.
“Within 16 weeks of doing that, he revealed, ‘We had a grenade at our house, a false magazine article published against me, a lawsuit threat, a spying drone, and a bank kicked me out’.”
“I got kicked out of a bank with no warning. They froze my credit cards, froze my debit cards,” he said. “They gave me a letter to say that they did a review of me as a client and they don’t want anything to do with me,” he told The Epoch Times.
So Vujicic decided to found his own bank with the help of his good friend Betsy Gray who has an extensive financial background.
The proposed name for the venture is the ProLifeBank (PLB) and is slated to be a full-service financial institution headquartered in Dallas, TX, and available around the globe.
According to the latest update from Vujicic and Gray posted on the PLB’s website dated last December, the bank is still in the process of raising capital to purchase an “identified bank.”
“Once we raise all the capital to purchase the bank, we are looking at 3 to 6 months to make ProLifeBank* a reality. We’ll never stop working!” the two co-founders wrote.
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(Excerpt from CBN News. Photo Credit: Canva)