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BofA Cuts Agencies Due To Company Names

BofA Cuts Agencies Due To Company Names

 

Be prepared. Forwarding companies, at the request of Bank of America, are now shutting off agencies whose names they find offensive. Here is the message from one forwarder:

I am reaching out to you as a 2nd client with XXXXXXX has requested that we suspend your company at this time due to the unbecoming name of your company, addressing their concerns regarding it could be a potential reputational risk. We will currently be removing Bank of America accounts from your profile at this time per the client request.

They are offering the company a chance to change their name, but are cutting off all accounts without a prior warning or a chance to comply. I saw this coming and have been warning some. A little notice is deserved however.

 

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