The House Judiciary Committee has launched a probe into Bank of America, accusing the bank of sharing users’ private financial information with the FBI. The committee demands answers from Bank of America’s CEO, Brian Moynihan, regarding the alleged data dump without due process. A whistleblower disclosed that the bank willingly handed over a list of individuals who made transactions in the Washington, D.C. area between January 5 and January 7, 2021, including those who purchased firearms. Congress aims to protect Americans’ privacy and understand the extent of collaboration between financial institutions and the FBI.
