Members of the Albany, N.Y. County Legislature are calling for the county to pull its money from Bank of America and JPMorgan Chase.
The 25 legislators signed a proclamation urging John McPhillips, commissioner of management and budget, to close the county’s $90 million account from Bank of America (NYSE: BAC) and to discontinue procurement cards with JPMorgan Chase (NYSE: JPM).
The Fort Lauderdale Fraternal Order of Police will close its accounts with Bank of America, union president Jack Lokeinsky said, citing the bank’s union-unfriendly political contributions and membership in the Florida Chamber of Commerce, a business group that pushed for the deduction ban.
Lokeinsky said the union will close four accounts that totaled roughly $750,000 in annual activity. He also urged union members to close personal accounts with the bank.
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