Bank of America Suspends ACORN Commitments

One of their largest patrons, OUCH!

Bank of America has suspended its current commitments to ACORN Housing, an affiliate of Association of Community Organizations for Reform Now (ACORN), a scandal-hit U.S. liberal grassroots group, the Wall Street Journal said on Monday.

The banking company "will not enter into any further agreements with ACORN or any of its affiliates," pending assessments of the organization's operations, the paper quoted a Bank of America spokesman as saying.

ACORN Housing has worked with Bank of America and other large banks on foreclosure-prevention efforts, the Journal said.