Bank of America (BoA) CEO Brian Moynihan has new questions to answer regarding the bank's actions in helping the FBI by turning over records to the agency for those involved in the Jan. 6 Capitol incursion, and anyone who was in Washington, D.C. on that day.
According to Breitbart, the Republican-led House Judiciary Committee wants Moynihan to explain how he believes his company had the authority to turn over private bank records "voluntarily and without any legal process."
A letter penned by Judiciary Committee Chairman Jim Jordan (R-OH) and Subcommittee on the Administrative State, Regulatory Reform, and Antitrust Chairman Thomas Massie (R-KY) and sent to Moynihan demanded to know why the bank turned over records of those who were simply in the capital city at the time.
The revelation that the bank turned over records of private citizens came as a result of an FBI whistleblower's testimony.
The two powerful Republican lawmakers held nothing back as they slammed the FBI for allegedly turning over the records in that situation without any apparent legal backing.
Read the letter ⬇️ pic.twitter.com/dGVI6A49eQ
— House Judiciary GOP (@JudiciaryGOP) May 25, 2023
"This testimony is alarming. According to veteran FBI employees, BoA provided, without any legal process, private financial information of Americans to the most powerful law enforcement entity in the country. This information appears to have had no individualized nexus to particularized criminal conduct, but was rather a data dump of BoA customers’ transactions over a three-day period," the lawmakers wrote.
They added: "This information undoubtedly included private details about BoA customers who had nothing at all to do with the events of January 6. Even worse, BoA specifically provided information about Americans who exercised their Second Amendment right to purchase a firearm."
In their letter, the lawmakers asked Bank of America to hand over any records and documents related to the situation.
Based on information received from FBI whistleblowers, @Jim_Jordan and I sent a letter to the CEO of Bank of America, telling him to preserve and deliver documents relating to the sharing of customer gun purchase data, allegedly without a warrant, with FBIhttps://t.co/pfTrjmscPK
— Thomas Massie (@RepThomasMassie) May 27, 2023
Bank of America took a strong optics hit over the revelations, with many social media users vowing to transfer their assets to other banks in an attempt to boycott its reported actions in working with the FBI.
"@BankofAmerica's customers need to go to another bank. Make them pay," one Twitter user wrote.
Another Twitter user added: "BOA is about to be Bud Lighted. Thank you for exposing these abuses!"
The bank had better hope it doesn't get "Bud Lighted," as it would be an absolute disaster for the company. Only time will tell.