On one hand we have Citi and their stance (newly formed) on guns and their credit cards…
Citigroup’s landmark decision to restrict gun sales in the wake of the Parkland, Fla., school massacre is threatening its relationship with GOP lawmakers, who are preparing to retaliate against the nation’s fourth-largest bank.
Full article HERE, at Politico.
On the other hand, we have Wells Fargo fighting off a push from teachers…
The American Federation of Teachers on Friday published an exchange with Wells Fargo that began with AFT president Randi Weingarten saying if the bank continued in the “arms business” then the organization would “dump” its Well Fargo mortgage program. The program has directed more than 20,000 members to the bank’s services.
Full article HERE, from Guns.com
I think it will be interesting to see how these play out. We all remember the E-Bay/Paypal issues, and how they drove us away. It’s really an attempt to once again shut off money to the gun makers, and Bank of America did that yesterday.
Bank of America officially took sides in America’s gun debate Tuesday, announcing it would no longer make loans to companies that make “military-style” weapons.
The second-biggest U.S. bank announced Tuesday that it would drop current loan-customers Vista Outdoors, Remington and Sturm Ruger, and blackball any other manufacturer of assault weapons.
Full article, HERE.