
Bank of America Is About To Desert The Navajo Nation + I Answer Some Reader Questions About My Book
Rishi Cholera
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<p><strong>Very frustrating topic to discuss today. </strong></p> <p><a href="https://twitter.com/BankBetterGuy/status/1334201446011572225"><strong>As I predicted last year in the height of the COVID-19 Pandemic, Bank of America was going to leave Gallup, NM. </strong></a><strong>The city, entrenched within the Navajo Nation where hundreds of thousands of amazing folks live is losing the only BofA branch in their area. After the branch closes in February 2022, the nearest BofAs will be in Farmington, NM (100 miles), Flagstaff, AZ (185 miles), and Albuquerque, NM (138 miles). Although BofA claims in a handout given to customers at the branch (they don't even have the decency to mail the clients) that ATMs will be left at the branch, </strong><a href="https://twitter.com/BankBetterGuy/status/1169010973824487425"><strong>I can attest that at my former branch, they were gone in a matter of months</strong></a><strong>.</strong></p> <p><a href="https://twitter.com/Yazzie8Chris/status/1458218267399507971"><strong>Thanks to @yazzie8chris on Twitter for the image of the flyer</strong></a></p> <p><strong>My first segment is dedicated to calling out BofA on this. Gallup has one of the busiest branches of BofA by volume, but BofA doesn't like that they are mostly service transactions for fixed income folks. In some parts of the Navajo Reservation, the median income is less than $20,000, and </strong><a href="https://energy.gov/sites/prod/files/2016/01/f28/interns2003tsabetsaye.pdf"><strong>18,000 homes still don't have electricity</strong></a><strong> (!!!) and/or running water. I discuss how the lie that BofA usually says that migration to digital platforms for the clients doesn't make sense here, as so many Navajos live in areas with no cell service or high speed internet. A lot of the times, their only banking is the monthly visit to the branch. </strong></p> <p><strong>I break down everything about a story no one is talking about but me. </strong><a href="https://www.youtube.com/watch?v=vFQQIYoNC_Q&t=
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Bank of America Is About To Desert The Navajo Nation + I Answer Some Reader Questions About My Book
Rishi Cholera