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Entries in Kristen Christian (1)

Friday
Nov042011

Bank Transfer Day Distances Itself from Occupy Wall Street

Spencer Platt/Getty Images(LOS ANGELES) -- It's not even Bank Transfer Day yet, but already 650,000 people across the country have joined credit unions in the past four weeks.

Bank Transfer Day, designated for November 5, calls for people to shift their funds from for-profit banking institutions to not-for-profit credit unions.

"The principle behind monthly debit card fees weren't something I could support as a conscious consumer," said Kristen Christian, Bank Transfer Day's sole organizer. "Investigating my options, credit unions were clearly the most logical choice. I decided ... that I had to take further action to educate the American people in how credit unions serve local communities."

And that's how Bank Transfer Day was born. Just don't confuse it with Occupy Wall Street.

"I'm humbled that OWS has chosen to adopt BTD's directive, but felt it is necessary to distinguish between the two movements because of growing fear among Bank Transfer Day supporters that I was advocating and supporting disruptive actions a select few OWS organizers have chosen to engage in," Christian told ABC News.

The 27-year-old art gallery owner from Los Angeles said she had never participated in any Occupy activities, and posted the following disclaimer to her website:

"While the Bank Transfer Day movement acknowledges the enthusiasm from Anonymous and Occupy Wall Street, the Bank Transfer Day movement was neither inspired by, derived from nor organized by Anonymous or the Occupy Wall Street movement, and the Bank Transfer Day movement does not endorse any activities conducted by Anonymous or Occupy Wall Street," the Facebook page for BankTransferDay.org states.

Copyright 2011 ABC News Radio







ABC News Radio