BofA to continue issuing controversial credit cards

Bank of America will continue a controversial pilot program in Los Angeles that markets credit cards to customers without Social Security numbers despite a national uproar, the bank said Thursday.

"We know some will find this unacceptable," the bank's chairman and CEO, Kenneth D. Lewis, wrote in an editorial in the Wall Street Journal.

The program is in full compliance with U.S. laws and the Patriot Act and is intended to help customers build a credit history, Lewis said.

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