The beauty of capitalism is that...
He can take his business to another bank that is not as inquisitive.
There is no law (1&2Amd) that requires this businessman to reveal what his business trades in, right?
I’m on a board of a small/middle cap regional bank (about 3.5 billion in deposits).
We’ve had a lot of pressure to try to shut down lending and banking relationships with pawn shops and gun stores.
We’ve simply asked for them to sell other products and not tell us that they sell guns/lend money. Wink. Wink. Nod. Nod.