The American Federation of Teachers has dropped Wells Fargo from a list of recommended mortgage providers for its 1.7 million union members, stemming from the bank’s ties to gun makers and the National Rifle Association. More than 20,000 AFT members currently hold mortgages through the bank.
The break comes after Wells Fargo CEO Tim Sloan failed to follow through on a meeting with AFT President Randi Weingarten that he had suggested to discuss the bank’s relationship with the NRA, according to Weingarten.
A Wells Fargo official said the bank believes the public “does not want banks to decide which legal products consumers can and cannot buy.”
