Wells Fargo has cut off business partner GEO Group, a private detention company, after pressure from a leftist coalition angered at the Trump administration’s immigration policy (1). Wells Fargo worked with the NRA for years and resisted social pressure to cut off the organization for some time, but Wells Fargo has recently had a “declining” relationship as the CEO appears eager to cut ties with the NRA (2)(3). Wells Fargo has instituted special “due diligence” procedures for the firearms and energy industries, but the company has not committed to halting business relations with these companies aside from setting emissions quotas in some portfolios (4) (5). Wells Fargo received a score of 100 on the Corporate Equality Index (CEI) from the Human Rights Campaign (HRC). Among other requirements, this means the bank has pledged to vet vendors based on LGBTQ policies (6). Wells Fargo suddenly terminated a firearms dealer in Florida without a specific reason after 14 years of managing the corporate account; the bank gave him one month to find a new bank (7).

Wells Fargo pulled funding from Florida scholarships over concerns about the religious convictions of schools receiving the funding (1). Wells Fargo will not give grants to religious organizations unless they are engaged in non-sectarian community work under a separate 501c3 status (2), but the bank will give to ideological groups like the Human Rights Campaign (HRC) (3).

Wells Fargo does not protect its employees against viewpoint discrimination (1).

Wells Fargo was the first company to feature a same-sex couple in an ad campaign, and it also offers a transgender flag debit card (1)(2). It also advocates for the Equality Act and transgender participation in youth sports (3)(4). Wells Fargo has opposed the Florida Parental Rights in Education Act, which prohibits teaching gender identity and sexual orientation in schools to kids in K-3rd grade (5). Wells Fargo requires anti-racism training for all managers, as well as compensation linked to improving (skin color) diversity (6). Wells Fargo also funded the Boise Pride event, which featured drag shows with children as young as 11 years old included (7).

Wells Fargo has given over a million dollars to the Gay and Lesbian Alliance Against Defamation and funds an array of other LGBTQ groups (1)(2). Wells Fargo looks to fund charities that “promote diversity, equity, and inclusion and leverage racial equity/social justice and sustainability best practices and principles” (3). As part of these efforts, Wells Fargo committed $210 million toward “racial equity in residential lending,” but only for Black clients (4). Wells Fargo provides travel benefits for abortion (5). Wells Fargo is a Silver sponsor of Out and Equal (6).

Wells Fargo contributes to ideological PACs, including the Equality PAC (1)(2).