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Animal Ag Alliance cuts ties with Bank of America over HSUS
Story Date: 7/31/2012
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Source: Michael Fielding, MEATINGPLACE, 7/3012
The Animal Agriculture Alliance has announced that it is ending a 25-year relationship with Bank of America after the bank refused to sever its ties with the Humane Society of the United States (HSUS).
"Bank of America’s Agribusiness Executive emphasized in a phone conversation with Alliance CEO Kay Johnson Smith that the affinity card program with HSUS was not new and that HSUS received no preferential treatment," according to an Alliance news release. "Bank of America does not consider the $60 from each affinity card as a donation, but rather a 'fee' paid to HSUS (and other affinity program participants) for bringing in new clients."
The group noted that Bank of America acknowedges that HSUS spends less than one percent on direct animal care.
"Ironically, the bank’s representative specifically pointed out that the most critical issue right now for agriculture is the constant pressure on people in the food business. The Alliance cannot continue a business relationship with companies that are contributing financially to extreme animal rights organizations that seek to eliminate the animal agriculture industry," according to the news release.
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