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    The Great Reset just got a North American enforcer in Ottawa



    Mark Carney’s sudden rise to power in Canada didn’t come through a traditional political path — and that’s exactly what makes him so dangerous. He’s not a grassroots leader or a battle-tested public servant. He’s a seasoned progressive globalist, handpicked by the elites for a much bigger purpose: to serve as a North American enforcer for the Great Reset.

    Now serving as Canada’s newly elected prime minister, Carney holds one of the most powerful political positions in the Western hemisphere. With deep roots in central banking and a long history of pushing radical climate and financial agendas, Carney sits atop one of America’s most influential allies, and his ascent couldn’t come at a more pivotal time for the future of Western freedom.

    Mark Carney’s true allegiance lies with the globalist elite, not the people of Canada.

    While critics might say his limited political experience is a weakness, the reality is quite the opposite. Unlike most career politicians, Carney has spent the past decade engineering massive shifts in global economic power. He’s been one of the Great Reset’s primary architects — and now, with control over one of the world’s most influential economies, he’s more dangerous than ever. Although Canada’s economy isn’t as large as many other global powers, its government holds influential seats in numerous institutions and international forums, such as the G7.

    Carney’s unexpected political elevation isn’t just a development for Canadians. It’s a five-alarm warning for the United States — particularly for Donald Trump and the populist movement that threatens to upend the globalist order.

    Master of ESG enforcement

    Before entering politics, Carney ran two of the most powerful central banks in the world: the Bank of Canada and the Bank of England. He’s the only person ever to have led both. During his time at the Bank of England, he emerged as one of the loudest voices in the push for climate-based financial reforms, demanding that major banks and investment firms bake environmental social governance criteria and climate risk assessments into their decisions.

    Carney also played a key role in launching and operating the Glasgow Financial Alliance for Net Zero — a coalition of financial giants in the banking, insurance, and investment industries dedicated to steering trillions in capital toward achieving the United Nations’ climate goals.

    Under Carney’s leadership, the alliance didn’t just promote ESG; it attempted to weaponize private finance to crush the fossil-fuel industry and force ESG compliance across Western markets, including here in the United States. It wasn’t just about policy; it was about power — reordering the free world’s economy by manipulating the most powerful financial institutions on Earth.

    A Great Reset foot soldier

    Carney’s agenda doesn’t end with ESG. He’s also been a senior figure at the World Economic Forum — the think tank behind the radical Great Reset. That globalist initiative aims to redefine capitalism, prioritizing equity, sustainability, and “stakeholder governance” over prosperity, merit, and individual rights.

    Carney has been parroting these goals for years, advocating for a model in which state and corporate power merge to manage society from the top down. It’s soft authoritarianism masked as enlightened progress.

    Even more troubling for Americans, Carney has publicly pushed to dethrone the U.S. dollar as the world’s reserve currency. While heading the Bank of England, he proposed creating a new synthetic global digital currency — what he called a “synthetic hegemonic currency” — that would diminish the U.S. dollar’s supremacy.

    If this plan were ever implemented, it would send the American economy into a tailspin. Our reserve currency status underpins global confidence in the dollar and helps keep inflation at bay. Strip that away, and not only would international faith in America plummet, but moreover, the trillions of dollars now parked abroad could flood back into our economy and trigger a devastating inflationary surge.

    Carney is also an outspoken proponent of central bank digital currencies, a deeply concerning form of state-controlled digital money. Critics rightly warn that such tools could be used to monitor, restrict, or even shut down individual financial transactions based on government or central bank mandates.

    Trouble up north

    Carney’s influence doesn’t need to stop at Canada’s border. With his deep ties to international banking institutions, radical environmental policy, and Davos elites, he’s uniquely positioned to rally foreign governments and multinational corporations against Trump’s America First policies.

    Whether by pressuring U.S. allies to adopt anti-fossil fuel ESG mandates, working to isolate America financially through global monetary schemes, or helping to revive international climate agreements that punish U.S. industry, Carney could lead a coordinated global resistance to Trump’s efforts to restore American energy dominance, economic independence, and national sovereignty. In short, he gives the globalist left a new general to wage economic warfare from just across our northern border.

    Let’s be clear: Carney doesn’t hold office in the United States, but his influence reaches across our borders. His rise to power is a signal flare for every freedom-loving American. His victory represents a trial run for the kind of centrally controlled society that the World Economic Forum wants to export across North and South America.

    Carney’s true allegiance lies with the globalist elite, not the people of Canada. His presence at the helm of one of America’s closest allies gives the internationalist movement a powerful foothold just beyond our northern border. As President Trump fights to restore American sovereignty, he’ll face not only the entrenched bureaucracy in Washington but also an increasingly hostile global order led by figures like Carney.

    This is not just a Canadian political shift — it’s a move in a much broader campaign to re-establish progressivism across the Western world.

    Arkansas punches back at woke finance with a bold new law



    On March 25, Arkansas became the first state in the 2025 legislative session to take a strong stand against the tyranny of environmental, social, and governance systems. By passing Act 406 — originally introduced as Senate Bill 409 — the state protected its agricultural industry from politically driven discrimination and debanking by financial institutions.

    The law also offers a model for other states to follow.

    When access to banking, credit, loans, and insurance depends on ideological alignment, free markets no longer exist — and neither does freedom.

    State Rep. Randy Torres, the Republican who sponsored the bill, explained the law’s key provisions during a House floor speech on March 20. “It does four things,” he said. “It prevents discrimination against farmers; it limits environmental, social, and governance policies; it creates a public list of financial institutions that discriminate; and it allows farmers to report discrimination.”

    Torres went on to say that the new law builds on Arkansas’ 2023 legislation, Act 411, which protects the state’s energy, fossil fuel, firearms, and ammunition industries from ESG-based discrimination. Under the law, discrimination includes refusing to trade goods or services or ending existing relationships based on an entity’s involvement in those industries. Act 406 expands that protection to include agricultural producers.

    To enforce the law, Arkansas maintains a public list of financial institutions found to have engaged in prohibited discriminatory practices. If an institution appears on the list and fails to change its behavior, the state treasurer — as well as state and local governments — is legally required to divest all direct and indirect holdings with that institution.

    These enforcement mechanisms go beyond symbolism. They impose real financial consequences on institutions that discriminate based on ESG criteria.

    How ESG threatens agriculture

    Adding agriculture to Act 406 is both necessary and long overdue. ESG frameworks often apply environmental metrics that label traditional farming as harmful. These metrics target greenhouse gas emissions, land use, water consumption, and chemical fertilizer use — classifying them as “too high” by ESG standards.

    Farmers routinely rely on fertilizers, pesticides, and large quantities of water to grow crops. They also need significant land and inevitably emit carbon dioxide through standard agricultural operations. Yet ESG criteria can penalize these practices by restricting access to credit, capital, insurance, or even basic financial services.

    The entities behind these standards include international organizations such as the United Nations and industry groups like the Glasgow Financial Alliance for Net Zero. These groups operate without accountability to American farmers — or to American voters at all.

    Much like the disastrous ESG-driven agricultural crackdowns in Sri Lanka, the Netherlands, and elsewhere, American farmers now face mounting pressure to overhaul their operations to fit a radical environmental agenda.

    Bureaucrats and financial elites are restricting the use of nitrogen-based fertilizers, pushing farmers to electrify equipment, and demanding that they scale back meat and dairy production — all to meet arbitrary emissions targets. These mandates are marketed as voluntary, but the consequences of noncompliance are very real. Farmers who refuse to play along risk losing access to critical financing.

    A 2023 report by the Buckeye Institute lays out the economic wreckage such policies would cause. ESG reporting compliance would raise farm operating costs by 34%, triggering massive price hikes across the board: 79% for American cheese, 70% for beef, 47% for strawberries, and 39% for chicken. Nationwide, grocery bills could climb 15%.

    Arkansas lawmakers didn’t wait for a full-blown crisis. Act 406 provides a firewall, protecting the state’s farmers from ESG-based financial retaliation. It ensures they can keep producing without having to bow to a globalist agenda that punishes agriculture and drives up food prices for everyone else.

    The broader scope

    The attack on farmers is just one piece of a broader ESG-driven assault on Americans who don’t conform to progressive orthodoxy. Across the country, banks and financial institutions have weaponized ESG scoring to deny or restrict services — not just to farmers, but to gun dealers, fossil fuel producers, religious groups, and anyone else whose values clash with the left’s ideological agenda.

    Major banks have shut down checking accounts, canceled lines of credit, and withheld insurance from perfectly legal businesses — not because of criminal behavior, but because of their industry or beliefs. Victims are often left in the dark, cut off without warning or explanation, with no real path to appeal.

    This isn’t conspiracy theory — it’s documented policy. A report from Sustainalytics, an ESG firm owned by Morningstar, spells it out:

    Most major banks screen their lending portfolios against specific ESG risks … and many embrace positive or negative screening. … Negative screening and norm-based screening involve the exclusion or avoidance of transactions not aligned with environmental, social, and ethical standards.

    The report states clearly that ESG exclusion criteria often target industries like weapons manufacturing, tobacco, and fossil fuels. These policies result in favorable treatment for companies that support left-wing causes, while conservative and religious organizations are systematically sidelined. This kind of selective enforcement distorts the market, giving political activists in the financial sector — many of whom take direction from unelected globalist regulators — the power to impose agendas never approved by voters or their elected leaders.

    This isn’t just a conservative concern. Any business, movement, or political voice that deviates from the prevailing ESG orthodoxy could be next. The implications are dangerous. When access to banking, credit, loans, and insurance depends on ideological alignment, free markets no longer exist — and neither does freedom.

    That’s why laws like Arkansas’ Act 406 aren’t just helpful, they’re essential.

    A blueprint for other states

    By enacting Act 406, Arkansas has established a clear and effective model for defending its agricultural industry from ESG-driven discrimination. Other states should follow suit and expand these protections to safeguard all industries and citizens from political interference in the financial system.

    If left unchecked, ESG will continue punishing industries essential to America’s prosperity and national security. It will undermine representative government, distort free markets, and erode individual liberty. Arkansas has drawn a firm line. Now it’s time for other states to do the same.

    'Investment companies will not push their political agenda': Mississippi issues BlackRock cease and desist over ESG agenda



    Mississippi Secretary of State Michael Watson issued a cease and desist order on Tuesday against asset management company BlackRock, claiming that the firm "repeatedly made false and misleading statements" concerning its environmental, social, and governance agenda, Fox Business reported.

    Watson, along with the Securities Division of the Secretary of State's Office, issued the order "to stop BlackRock's alleged fraudulent actions and impose a multimillion-dollar administrative penalty," according to a Wednesday press release.

    Watson accused BlackRock of deceiving Mississippi investors regarding the firm's "involvement in pushing ESG factors on portfolio companies."

    The order stated that BlackRock claims its non-ESG "funds do not follow an ESG investment strategy." Watson argued that this is untrue.

    "BlackRock has issued several statements and actions in commitment of using all assets under its management to incorporate ESG considerations, including advancing the environmental goals of net zero carbon emissions," the Secretary of State's press release read. "BlackRock also informed clients they would see better long-term financial prospects and financial outcomes through ESG-backed funds, with little to no evidence to substantiate the claim."

    As an example, the order pointed to BlackRock's commitments to the Net Zero Asset Managers initiative.

    "BlackRock's climate-disclosure reports demonstrate that BlackRock is actively working to fulfill its NZAM obligations by implementing a 'sustainable' net-zero investment strategy across 'all assets under management,'" it explained.

    The cease and desist order stated that BlackRock also misled Mississippi ESG investors by marketing the funds as financially beneficial. Additionally, it claimed the firm charged higher fees for ESG funds than for non-ESG funds.

    In a statement to Fox Business, Watson said, "Investment companies will not push their political agenda on Mississippians, especially through fraudulent and deceptive means."

    "All citizens should have the opportunity to make informed and educated decisions when investing their hard-earned money. If not, our office will hold these bad actors accountable," he added.

    BlackRock told Fox Business it is committed to following the law in "every respect."

    "Many policymakers and government officials have ideas on how we should invest our clients' assets," BlackRock said. "We are always bound to invest consistent with our clients' choices, their best financial interests, and applicable law. Our only agenda is maximizing risk-adjusted returns for the funds our clients choose to invest in. We operate in one of the most highly regulated industries in the country and are committed to following the law in every respect."

    Last week, Texas pulled an $8.5 billion investment managed by BlackRock. Texas State Board of Education Chairman Aaron Kinsey explained that the decision was based on the asset management company's "destructive" commitment to ESG. He accused the firm of violating the state's Senate Bill 13, which prohibits "investments in companies that boycott certain energy companies."

    BlackRock fired back, calling Texas' decision to pull its investment "reckless" and "irresponsible." The company's vice chairman, Mark McCombe, said the state prioritized "short-term politics over your long-term fiduciary responsibilities."

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    BlackRock calls Texas' $8.5 billion divestment 'reckless' and 'irresponsible': 'Political-driven decision making'



    Asset management company BlackRock called Texas' decision to pull an $8.5 billion investment this week "reckless" and "irresponsible," Fox Business reported.

    On Tuesday, Aaron Kinsey with the Texas State Board of Education announced that the state's Permanent School Fund, which supports public schools, would withdraw billions of dollars of investments placed with BlackRock, citing the firm's commitments to environmental, social, and governance.

    In 2021, the state passed Senate Bill 13, prohibiting "investments in companies that boycott certain energy companies." Texas Comptroller Glenn Hegar reported last year that BlackRock was one of several investment firms "playing politics" with Americans' retirement money by boycotting fossil fuel energy companies.

    "The Texas Permanent School Fund has a fiduciary duty to protect Texas schools by safeguarding and growing the approximately $1 billion in annual oil and gas royalties managed by the Texas General Land Office," Kinsey stated. "Terminating BlackRock's contract ensures PSF's full compliance with Texas law."

    "BlackRock's dominant and persistent leadership in the ESG movement immeasurably damages our state's oil and gas economy and the very companies that generate revenues for our PSF," Kinsey added.

    In response to Kinsey's announcement, BlackRock released a statement declaring that the asset management company is "helping millions of Texans invest and save for retirement." The firm denied the claims that it boycotts energy companies and called the decision to pull the funds "arbitrary."

    On Friday, Fox Business reported that BlackRock Vice Chairman Mark McCombe sent a letter to Kinsey stating he was "dismayed" by the announcement, which he claimed prioritized "short-term politics over your long-term fiduciary responsibilities."

    "We fully comply with Texas law and fundamentally disagree with your assessment based on BlackRock's performance for Texas PSF and our investments in Texas energy companies. Additionally, Senate Bill 13 makes clear divestment is not required when a government entity determines divestment is inconsistent with its fiduciary responsibilities," McCombe wrote. "The outperformance BlackRock has demonstrated shows divestment would not be in the best interest of Texas PSF."

    He urged Texas to reconsider and claimed that not all PSF board members were made aware of the decision to terminate the relationship.

    "We learned of your decision to end Texas PSF and BlackRock's 18-year relationship through a press release. Ending a long, successful partnership that's been a positive force for thousands of Texas schools and families in such a reckless manner is irresponsible," McCombe continued. "How our clients invest and whom they entrust to manage their money is entirely their decision, but we feel an action of this magnitude warrants transparency and consensus — not political-driven decision making. Texas schools and families deserve that."

    Today, Texas Permanent School Fund leadership delivered an official notice to global asset manager BlackRock terminating its financial management of approximately $8.5 billion in Texas\u2019 assets.\n\nMy statement:
    — (@)

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    Texas divests $8.5 billion from BlackRock, citing firm's 'destructive' ESG push



    Texas notified investment management company BlackRock on Tuesday that it plans to yank a $8.5 billion investment, citing the firm's "destructive" environmental, social, and governance push, Fox Business reported.

    Texas State Board of Education Chairman Aaron Kinsey told the news outlet that the Texas Permanent School Fund, which has previously placed investments with BlackRock, will pull the funds. Kinsey explained that the move ensures the PSF, a fund created to support public schools, complies with state law.

    The state passed Senate Bill 13 in 2021, prohibiting "investments in companies that boycott certain energy companies." The measure requires the state comptroller to maintain a list of investment firms boycotting fossil fuel energy companies. In November, Texas Comptroller Glenn Hegar announced the addition of five financial companies to the list.

    "Texas has been a leader in calling out investment firms that have been playing politics with the retirement money of hard-working Americans. Our goal has always been to bring some honesty to what has really been a one-sided and intellectually dishonest discussion," Hegar stated at the time.

    "I wanted to end the doublespeak by so many companies and show the critical impact that fossil fuels have on our daily lives," he added.

    Fox Business reported that Hegar urged the PSF and five state pension funds to end their relationships with BlackRock.

    "The Texas Permanent School Fund has a fiduciary duty to protect Texas schools by safeguarding and growing the approximately $1 billion in annual oil and gas royalties managed by the Texas General Land Office," Kinsey said Tuesday. "Terminating BlackRock's contract ensures PSF's full compliance with Texas law."

    Kinsey argued, "BlackRock's dominant and persistent leadership in the ESG movement immeasurably damages our state's oil and gas economy and the very companies that generate revenues for our PSF."

    He accused the company of having a "destructive approach toward the energy companies that this state and our world depend on [which] is incompatible with our fiduciary duty to Texans."

    The $8.5 billion represents a significant portion of the PSF's $53 billion fund. Kinsey noted that the state and the PSF "have worked hard to grow this fund to build Texas' schools."

    Texas' decision to pull the funds marks the largest divestment from BlackRock.

    "Today represents a major step forward for the Texas PSF and our state as a whole. The PSF will not stand idle as our financial future is attacked by Wall Street," Kinsey remarked. "This bold action helps ensure our PSF remains in fact permanent and will continue to support bright futures and opportunities for generations of Texas students."

    A BlackRock spokesperson told Fox Business, "BlackRock is helping millions of Texans invest and save for retirement."

    "On behalf of our clients, we've invested more than $300 billion in Texas-based companies, infrastructure and municipalities, including $125 billion invested in the energy sector, including a $550 million joint venture with Occidental. We recently hosted an energy summit in Houston designed to explore how to strengthen Texas' power grid," the company added.

    "Today's unilateral and arbitrary decision by Board of Education Chair Aaron Kinsey jeopardizes Texas schools and the families who have benefited from BlackRock's consistent long-term outperformance for the Texas Permanent School Fund," BlackRock continued. "The decision ignores our $120 billion investment in Texas public energy companies and defies expert advice. As a fiduciary, politics should never outweigh performance, especially for taxpayers."

    Last year, BlackRock CEO Larry Fink declared that he would no longer use the "weaponised" term "ESG," stating that it has become too politicized on both sides of the aisle, Reuters reported. He noted he was "ashamed of being part of this conversation."

    Arizona, Arkansas, Florida, Louisiana, Missouri, South Carolina, Utah, and West Virginia have made similar divestments.

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    Conservative group launches anti-ESG text service that helps shoppers identify products made by woke companies



    A conservative group has launched a new alert system that helps grocery shoppers spot products peddled by corporate behemoths that have a hand in the advancement of the left's woke agenda.

    While those championing the service suggest it will "help consumers make better-informed decisions," leftists claim this anti-ESG technology is regressive.

    Every purchase a battle won or lost

    According to the New York Times, consumer rights activist Fredrick J. Schlink co-founded the Consumer's Club with Stuart Chase with the aim of protecting the consumer "by publicizing defective and unsafe products." They incorporated this club as the nonprofit Consumers' Research Inc. in 1931, making it America's first independent organization to test consumer products and report on them by brand name.

    When Schlink stood firm against the demands of suspected communist labor unions in the mid-30s, strikers left Consumers' Research and founded the competing Consumers Union, which published Consumer Reports.

    Despite this schism, the original organization persisted.

    Will Hild, who previously worked with the Federalist Society and other conservative organizations, became the executive director of Consumers' Research in 2020, then championed the launch of the Consumers First Initiative the following year, seeking to put "corporations on notice that they need to start serving their customers, not woke politicians."

    Consumers' Research has since sought to fight environmental, social, and governance initiatives, noting that ESG is wielded by political activists and their ideological allies in the business community to "drive a progressive agenda ... through economic coercion and ignoring democratic processes."

    The Washington Post reported in January, "Consumers’ Research has morphed into aself-styled watchdog of liberal causes. It has singled out ESG, which it argues harms consumers, reduces investment returns and contributes to inflation."

    Its budget reportedly grew tenfold to over $8 million in 2021, and its 2022 budget was likely $2 million higher.

    Leonard A. Leo, the Federalist Society’s co-chairman, told the Post, "Consumers’ Research and its leader Will Hild are executing the most impactful pushback I know against ESG and other aspects of woke corporate culture. ... It’s time that businesses that are out of step with the sentiments of most Americans pay a price for their standing up for woke special interests instead of consumers."

    Woke alerts

    Axios reported that as of Friday, Consumers' Research is offering "Woke Alert": a free text service that notifies grocery shoppers which brands are linked to the left's cultural, economic, and social agendas.

    The sign-up page says, "Many corporations are putting progressive activists and their dangerous agendas ahead of customers. They'll only succeed if we look the other way."

    Subscribers to the service are alerted when an organization or brand ceases to merely sell a product and instead begins peddling a radical ideology or participating in wokery.

    For instance, subscribers would have recently received a woke alert about Jack Daniel's. The alert indicated that the recent Jack Daniel's "Small Town, Big Pride" advertising campaign featured drag queens, one of whom stressed “drag culture — which is all about … inviting others to accept you as you are.”

    Shoppers with little time on their hands are spared the legwork and provided supporting evidence for the alerts; in this case, a Newsweek article detailing the Jack Daniel's boycott over claims the company has "gone woke."

    Already, there have been woke alerts about Anheuser-Busch, BlackRock, Silicon Valley Bank, the American Women's History Museum, Apple, Puffin Books, the National Football League, and others.

    According to Axios, the organization is kicking off a six-figure digital ad campaign this week to promote "Woke Alert."

    Leftists already upset

    Rep. Robert Garcia (D-Calif.), touted as Congress' first openly gay representative, told Axios, "The right wing is hell-bent on moving our country backwards, and this new text service is laughable."

    Anna Bahr, a political consultant with Left Flank Strategies, said, "I hate to break it to the radical right, but people in this country are a lot more concerned about paying for an eighty-dollar tank of gas than the color of their Budweiser bottle."

    In response to Bahr's claim, the State Financial Officers Foundation noted, "Americans are equally concerned about the #ESGscam that's causing $80 tanks of gas."

    \u201cSign-up for Woke Alerts today at:\n\nhttps://t.co/UPRoU5PpgA\u201d
    — Consumers' Research (@Consumers' Research) 1681474629

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    ESG-supporting Bank of America offers zero down payment, zero closing cost mortgages – but only for black and Hispanic communities



    The Bank of America Corporation announced new zero down payment, zero closing cost mortgages – but the offer is only available for black and Hispanic communities.

    On Tuesday, Bank of America rolled out a new "special purpose credit program" called the "Community Affordable Loan Solution." Bank of America said that the zero down payment, zero closing cost mortgages will only be available to first-time homebuyers in "black/African American and/or Hispanic-Latino neighborhoods in Charlotte, Dallas, Detroit, Los Angeles, and Miami."

    The press release from Bank of America did not mention that the offer was available to other minority communities, such as Asian, Native American, or Pacific Islander. The lender also did not make the offer to white communities.

    "Homeownership strengthens our communities and can help individuals and families to build wealth over time," said AJ Barkley, head of neighborhood and community lending at Bank of America. “Our Community Affordable Loan Solution will help make the dream of sustained homeownership attainable for more black and Hispanic families, and it is part of our broader commitment to the communities that we serve.”

    Barkley told Bloomberg that applicants don't need to disclose their race. The megabank will utilize U.S. Census data to determine which eligible neighborhoods are predominately black or Hispanic.

    ESG-supporting Bank of America said, "The Community Affordable Loan Solution aims to help eligible individuals and families obtain an affordable loan to purchase a home."

    The advantageous mortgage program will not use credit scores, but instead will be "based on factors such as timely rent, utility bill, phone, and auto insurance payments."

    NBC News noted, "The loans require no mortgage insurance — the additional fee typically charged to buyers who put down less than 20% of the purchase price."

    Bank of America stated, "Individual eligibility is based on income and home location."

    Bank of America justified the enticing mortgage program by citing a report from the National Association of Realtors that found that the homeownership rate for black Americans was nearly 30% less than white Americans in 2020. The gap between white Americans and Hispanic Americans was nearly 20 percentage points.

    The report also noted that Hispanic American homeownership is at an all-time high and above 50% for the first time. In addition, the report said that Asians were the racial group least likely to be rejected for mortgage loans.

    According to data compiled by Bloomberg, "Approval rates for homeowners looking to lower their payments have also varied by race, with BofA approving 66% of black refinancing applicants and 78% of white ones in 2020."

    There is no minimum or maximum loan size under the Community Affordable Loan Solution.

    Bank of America did not specify the scope of the program.

    Bank of America also announced the launch of a new "Small Business Down Payment Program." The special purpose credit program will cater to minority and women business owners in an effort to "help create generational wealth opportunities" for "historically disadvantaged small business borrowers."

    The National Fair Housing Alliance defines special purpose credit programs as "a way for financial institutions to meet the special credit needs of people who have been impacted by lending discrimination, systemic racism, and redlining."

    In February, the Bureau of Consumer Financial Protection (CFPB) – "an independent bureau within the Federal Reserve System" created after the Great Recession that "empowers consumers with the information they need to make financial decisions in the best interests of them and their families" – urged "lenders to explore opportunities available to them to increase credit access through special purpose credit programs (SPCPs) to better serve historically disadvantaged individuals and communities."

    Brian Moynihan is the CEO of Bank of America and the chairman of the World Economic Forum’s International Business Council.

    Bank of America boasts of a collaboration with the WEF "to support social and environmental progress through investment, philanthropy, and responsible business operations."

    In May, Moynihan told Financial News that the transition to ESG is a “big business opportunity” for the bank.

    In March, Politico noted that Moynihan had "pushed an environmental, social, and governance agenda that seems to be working for shareholders" since he was named the CEO of Bank of America.

    A blog post on the Bank of America website posted in January 2021 reads: "While profits and shareholder value remain vital, stakeholder capitalism places a high value on environmental, social and governance (ESG) issues. Stakeholder capitalism repositions capitalism to play an essential role in solving climate change, poverty, hunger, and other challenges outlined in the United Nations Sustainable Development Goals (SDGs)."

    \u201cCEO Brian Moynihan talks about the importance of standardized #ESG metrics and how the private sector can lead the charge while supporting #stakeholdercapitalism. Watch the @WEF replay here: https://t.co/ejf8HWkH9s #DavosAgenda\u201d
    — Bank of America News (@Bank of America News) 1611701393

    In October 2020, the WEF applauded Moynihan for "driving the creation of the ESG metrics, a special set of metrics related to environmental, social and governance issues that help companies measure how they're doing well for society."

    At the same time, Moynihan wrote on the WEF website, "Clear signals that corporations are focused on environmental, social, and governance (ESG) priorities at the same time they are providing great shareholder returns is what our employees, clients, customers, and society need."

    Reuters reported on Wednesday, "Bank of America Corp. is expanding its newly formed environmental, social and corporate governance (ESG) advisory and financing solutions team with four new hires, according to an internal memo seen by Reuters."

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