Bank of America suspends partnership with ACORN after a scandal

 According to the reports Bank of America Corporation has suspended its current commitments to ACORN Housing, an affiliate of Association of Community Organizations for Reform Now. Earlier this month, both houses of the U.S. Congress passed legislation that would cut off federal money to ACORN, after a conservative activist secretly filmed Acorn employees giving tax and housing advice to a couple who said they wanted to set up a brothel

The Wall Street Journal cited the bank as saying that the company "will not enter into any further agreements with ACORN or any of its affiliates,” while it is waiting for the assessment of the organization's operations.

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

Michael Shea, executive director of Acorn Housing, told the paper: "We're not surprised that our lending partners like Bank of America want assurances that this won't happen again."