Six banks have been warned by the West Virginia State Treasury that they may be in violation of a new law preventing the state from doing business with financial institutions boycotting energy companies.
The office told The Epoch Times it had sent out letters on June 10, but did not share the banks’ names on the record.
Enacted in March 2022, S. 262 directs the state to notify financial institutions that they are slated for placement on the restricted financial institution list 45 days before the document is published.
Those institutions must respond within 30 days of receiving those notification letters to avoid winding up on the list….