Discover Ends Dealings With ‘Hate Groups’ After Charlottesville – Finance News

on Aug17

16 August 2017 | 6:00 pm

(Bloomberg) — Discover Financial Services said it’s ending merchant agreements with extremist organizations that incite violence.

“In light of recent events, we are terminating merchant agreements with hate groups, given the violence incited by their extremist views,” the Riverwoods-based credit-card company said Wednesday in an emailed statement. “The intolerant and racist views of hate groups are inconsistent with our beliefs and practices. While we do not share their opinions, we recognize their right to voice them, no matter how reprehensible we find them.”

Advocacy groups have been calling on major credit-card companies to stop providing financial services for groups such as white supremacists.

Color of Change, a racial-justice advocacy group, said Monday that financial services provided by major credit-card companies have been enabling hate groups. They are “quite literally profiting off hate and murder,” according to a statement from Color of Change.

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