Citibank - new gun control requirements for businesses

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Bruenor
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Citibank - new gun control requirements for businesses

Post by Bruenor »

if you are in the firearms industry I hope you weren't using citibank services..
http://www.breitbart.com/big-government ... usinesses/" onclick="window.open(this.href);return false;
Citi group, the fourth-largest bank in the United States, has announced it will no longer do business with clients that do not meet a host of progressive gun control requirements, none of which are mandated by federal law.
In a blog post, Citi group announced:

Under this new policy, we will require new retail sector clients or partners to adhere to these best practices: (1) they don’t sell firearms to someone who hasn’t passed a background check, (2) they restrict the sale of firearms for individuals under 21 years of age, and (3) they don’t sell bump stocks or high-capacity magazines. This policy will apply across the firm, including to small business, commercial and institutional clients, as well as credit card partners, whether co-brand or private label. It doesn’t impact the ability of consumers to use their Citi cards at merchants of their choice.
https://www.bloomberg.com/news/articles ... -customers" onclick="window.open(this.href);return false;
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kcclark
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Re: Citibank - new gun control requirements for businesses

Post by kcclark »

Chase is getting grilled about why they are not doing the same thing.
After that tragedy, which left 17 students and staff dead, Citibank and Bank of America instituted new policies that potential firearm clients must meet, including prohibiting the sale of guns to anyone under the age of 21.

At the hearing at the House Financial Services Committee Opens a New Window. , Rep. Carolyn Maloney pressed Dimon on whether Chase would institute a similar policy given the bank provides “$273 million of loans for manufacturers of military-style firearms.”
Dimon eventually said the bank would “consider” taking a more firm policy against the industry, akin to the one implemented by competitors.
https://www.foxbusiness.com/financials/ ... arm-policy
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