Bank Pulls Back From Acorn Work

“Bank of America takes recent allegations made against Acorn and Acorn Housing Corporation employees very seriously,” the bank said in a statement.

Earlier this month, the U.S. Census Bureau dropped Acorn as a partner for the 2010 Census, and the House of Representatives voted to block the group from receiving federal funds.

“We’re not surprised that our lending partners like Bank of America want assurances that this won’t happen again,” said Michael Shea, executive director of Acorn Housing, which is based in Chicago and has about 250 employees nationwide.

Read more from the Wall Street Journal

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