Empress of the Huiteh ?tatea mashingtuu, ?10: 20515 November 16. 2016 Mr. Rob Nichols, President CEO American Bankers Association 1120 Connecticut Avenue, NW Washington, D.C. 20036 Mr. Kenneth E. Bentsen, Jr., President CEO Securities Industry Financial Markets Assoc. 1 101 New York Avenue. NW. 8th Floor Washington, DC. 20005 Mr. James Aramanda, President 82: CEO The Clearinghouse 1001 Ave. NW Suite #720 North Tower Washington. DC. 20004 Mr. B. Dan Berger, President CEO National Association of Federal Credit Unions 313810th St., NW Arlington, VA 22201 Mr. Paul Schott Stevens, President CEO Investment Company Institute 1401 St., NW, Suite 1200 Washington, DC 20005 Dear Financial Services Industry Leaders: Mr. Tim Pawlenty, President 8.: CEO Financial Services Roundtable 600 13Th Street, NW, Suite 400 Washington, D.C. 20005 Mr. Camden R. Fine, President CEO Independent Community Bankers oTAmeriea 1615 Street, NW, Suite 900 Washington. 20036 Mr. Jim Nussle, President CEO Credit Union National Association 601 Avenue, NW Suite 600. South Building Washington. DC. 20004 Mr. David Stevens. President CEO Mortgage Bankers Association 1919 Street, NW, 5n. floor Washington. DC. 20036 Earlier this week. President-elect Donald Trump selected Stephen K. Bannon to serve as his Chief Strategist and Senior Counselor. This appointment will put a bigot beloved by white supremacists and supported by the American Nazi Party and the a few steps from the Oval Of?ce and empower him to in?uence every major decision the next President makes. It is a clear sign that bigotry against women. against African-Americans, against HiSpanics. against Jews and Muslims will play a central role in the Trump Administration. As leaders in the business community, you have a moral obligation to speak out against this appointment as contrary to the values of this country and to the values of your industry. We urge you to condemn this appointment immediately and without reservation. The industry you represent holds itselfout to the public as serving all customers with care and respect. After the housing crisis revealed systematic discrimination against African-American and Hispanic families in the mortgage market, the industry recommitted itself to stamping out prejudicial 1 Sammy Nickalls, The and American Nazi Pawn/ire Thrr?t'i'ed about Steve Barman. Esquire (Nov. 14, 2016]. at - WED?osmium Mr. Rob Nichols Mr. Tim Fawlenty Mr. Kenneth E. Bentsen, Jr. Mr. Camden R. Fine Mr. James Aramanda Mr. Jim Nussle Mr. B. Dan Berger Mr. David Stevens Mr. Paul Schott Stevens Page 2 November 16, 2016 practices.? Since then. you and your members have reaf?rmed the idea that diversity and inclusiveness makes our nation and our businesses stronger.3 Mr. Bannon?s track record speaks for itself and it goes against everything you claim to stand for. According to court documents, Mr. Bannon said that he did not want his children to go to school with .lews.4 He called women involved in the women?s liberation movement ?a bunch ofdykes."5 And he operated a website that regularly published racist. sexist. and bigoted pieces. For example: a Two weeks after the massacre of African-Americans in a Charleston church, his website called upon readers to ?hoist the [Confederate flag] high and fly it with pride.?5 In In a piece questioning President Obama?s his website featured a picture of a - 'i gorilla. 1 Christie Thompson, Disparate impact and air Housing: Seven Cases You Should Know, Pro Publica (Feb. I2, 20 at ld-ki?lt??. See. eg, American Bankers Association. Consumer Bankers Association. independent Community Bankers of America, Financial Services Roundtable, Letter on Section 342 of DFA rulcmaking (Feb. 6. 2014), available at icicsZO diversity and inclusion promotes stronger, more effective. and more innovative businesses, as well as opportunities to serve a wider range of customers"); Securities industry and Financial Markets Association. comment letter to SEC (Dec. 2013}, available at 3 "5708 I and its members remain committed to fostering diversity in the ?nancial services industry Diversity is an inclusive concept that encompasses. without limitation. race. gender, religion, ethnicity. nationality. age. disability. sexual orientation. socioeconomic class, marital and parental status. and military veteran status"); Investment Company Institute. comment letter to SEC (Dec. 20, 20 available at states I diversity and inclusion can promote stronger. more effective. and more innovative businesses. as well as create opportunities for firms to serve a wider range of customers?); Lloyd Blankfein, CEO. Goldman Sachs, at (?Diversity supports and strengthens the firm?s culture. and it reinforces our reputation as the employer of choice in our industry and beyond"); Brian Moynihan, CEO, Bank ofAmerica (?When internal diversity and inclusion scores are strong, and employees feel valued, they will serve our customers better, and we?ll be better off as an organization?) available at Patricia David. Global Head of Diversity, JPMorgan Chase Co.. at jpmc-diversity.htm. (?Diversity and inclusion are integral and demonstrate that we are making efforts as an organization to reflect the customers and businesses we serve. With a brand as globally recognized as iPMorgan Chase, it is a great thing that we are always inclusive?) 4 Nancy Dillon, Anti-Semitic- Trump (.?nmpaign CEO Stephen Bannon not or bigfan of 'wnini' brat Jews, ex-n-?e says, NY. Daily News (Aug. 20l6), at 2715716]; 5 Claire Landsbaum, Here '5 What Donald Trliitip 's new C?hief??tt?ulegist Thinks of Women and Minority Groups. New York Magazine (Nov. I4, 2016), at in 6 i Gerald Warner, Hoist it High and Proud.- Tne Confederate tag Procioints a Giorious Heritage. Breitbart.com {July I. 2015} at 5 federate-llau-proclaiins-it Mr. Rob Nichols Mr. Tim Pawlenty . Kenneth E. Bentsen. Jr. Mr. Camden R. Fine Mr. James Aramanda Mr. Jim Nussle Mr. B. Dan Berger Mr. David Stevens Mr. Paul Schott Stevens Page 3 November 16. 20l 6 "1 4- His website ran pieces with the headlines, ?Would You Rather Your Child Had Feminism or ancer'P." and ?Birth Control Makes Women Unattractive and Crazy.?8 Mr. Bannon has declared that his website is a?p1atform for the alt-ri ht," a movement that rails against immigrants and Muslims, while advocating white nationalism. His ties to the white nationalist movement are so strong and well?known that leaders of that movement have hailed his appointmenhl0 David Duke, the former Grand Wizard of the called the appointment ?excellent." This moment is a test of the moral leadership of the banking and ?nance community. You surely recognize that the views Mr. Bannon espouses and promotes have no place in the White House just as they would have no place in the companies you operate. His in?uence could lead the next administration to gut the laws that protect Americans from discrimination. and you have a clear opportunity to announce unequivocally that the banking and finance industry will not tolerate bigotry and prejudice. What message will it send to your customers and employees if you remain silent? If you fail to speak up now. it will only empower the Trump Administration to go further down this dangerous path. We hope that will not be the ease. Sincerely. Woma? . .. Maxine Waters Ranking Member Ranking ember U.S. Senate Committee on Banking, US. House of Representatives Housing, and Urban Affairs Committee on Financial Services 7 Available at h_tl_ps_: 8 Ellen Killoran. Sieve Batman and Breiihai't? News: Why Everyone by the. AiiaRighi .l-"eai-s Tramp '5 Top Adviser Pick. Forbes (Nov. 14, 2016), at I 6c2502 Still .4 David Corn. Hera ?s Why ii '5 Fair and to Can" Tramp 's Chirgf'fs'truregisr a White Nationalist Champion. Mother Jones (Nov. I4, 2016} at milstrateaist-stephcn-bannonm hitcmationa? 10 Andrew and Chris Massie. White nationalists see advocate in Steve Summit who will hold Trump to his risloinpaign promises. CNN (Nov. 15, 2016}, at l- id. Mr. Rob Nichols Mr. Tim Pawlenty Mr. Kenneth E. Bentsen, Jr. Mr. Camden R. Fine Mr. James Aramanda Mr. Jim Nussle Mr. B. Dan Berger Mr. David Stevens Mr. Paul Schott Stevens Page 4 November 16, 2016 The Ho orable Elizabeth Warren he Honoilable Keith-Ellison Cc: r. Richard Hunt, President CBC. Consumer Bankers Association Mr. Mike Sommers, President CEO, American Investment Council Mr. Chris Stinebert. President E0, American Financial Services Association Mr. Dennis Shaul, E0, Community Financial Services Association of America Mr. Scott Olson, Executive Director, Community Home Lenders Association Mr. Glen Corso, Executive Director, Community Mortgage Lenders of America