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Mille Lacs Band divests from Wells Fargo

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Mille Lacs Band splits business from Wells Fargo

Mille Lacs Band splits business from Wells Fargo*/

– “Wells Fargo has promoted initiatives that have hurt Native Americans across the country and the Mille Lacs Band will no longer associate ourselves with them,” said Mille Lacs Band Secretary-Treasurer Carolyn Beaulieu.”In addition to preying on customers and other unethical business practices, Wells Fargo is actively financing the Dakota Access Pipeline project where peaceful Native American protesters have been taunted and physically harmed.We will not do business with a company that finds these practices acceptable.”
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Mille Lacs Band Divests From Wells Fargo Over DAPL Support « WCCO

Mille Lacs Band Divests From Wells Fargo Over DAPL Support « WCCO*/

– MINNEAPOLIS (WCCO) — The Mille Lacs Band Of Ojibwe has announced it is divesting from Wells Fargo, saying the bank’s “unacceptable corporate behavior” and financial support of the Dakota Access pipeline led to the decision.The tribe says the decision, announced Friday, was made unanimously by the Mille Lacs Band of Ojibwe Indians Band Assembly and Chief Executive Melanie Benjamin.The tribe says the divestment was influenced by the bank’s lending of millions of dollars to Energy Transfer Partners to finance the controversial pipeline, its recent fraud case and other negative practices by the bank in “throughout Indian Country”.
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Mille Lacs Band divests from Wells Fargo

Mille Lacs Band divests from Wells Fargo*/

– Wells Fargo has lent hundreds of millions of dollars to Energy Transfer Partners to finance the construction of the Dakota Access Pipeline; the bank has also admitted to defrauding its customers by opening thousands of unauthorized accounts to meet internal sales goals.There were other negative practices by Wells Fargo throughout Indian Country that also contributed to the Band’s decision.”Wells Fargo has promoted initiatives that have hurt Native Americans across the country and the Mille Lacs Band will no longer associate ourselves with them,” said Mille Lacs Band Secretary-Treasurer Carolyn Beaulieu.
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