Gun Seller Choked Off From Bank Finally Gets His Account

The Daily Signal ^ | 6/7/2016 | Kelsey Harkness

[milton23]

Less than three months after being denied access to a bank because he sells firearms, a North Carolina gun seller said the bank reversed its policy and offered him the financial products he needs to run his business.

Luke Lichterman, owner of Hunting and Defense in Tryon, N.C., told The Daily Signal, “I’m going to be able to continue doing business.”

After being initially denied from the bank, Lichterman blamed a little-known program called Operation Choke Point. Operation Choke Point was launched by the Department of Justice in 2013 to fight fraud by choking fraudsters’ access to the bank services.

[ViLaLuz]

I believe I would have switched banks.

[umgud]

Something else Prez Trump will have to cleanup.

[Jonty30]

Odds are he tried and found the same resistance.

[Ancesthntr]

“Odds are he tried and found the same resistance.”

---

I’m betting that this is true. The Dept. of (Occasional) Justice got together with the FDIC and leaned HARD on them to pressure the banks (which they insure, and which cannot operate without FDIC guarantees) to not do business with the following types of businesses:

Ammunition Sales
Cable Box De-scramblers
Coin Dealers
Credit Card Schemes
Credit Repair Services
Dating Services
Debt Consolidation Scams
Drug Paraphernalia
Escort Services
Firearms Sales
Fireworks Sales
Get Rich Products
Government Grants
Home-Based Charities
Life-Time Guarantees
Life-Time Memberships
Lottery Sales
Mailing Lists/Personal Info
Money Transfer Networks
On-line Gambling
Pawn Shops
Payday Loans
Pharmaceutical Sales
Ponzi Schemes
Pornography
Pyramid-Type Sales
Racist Materials
Surveillance Equipment
Telemarketing
Tobacco Sales
Travel Clubs

Don’t believe me? Then here’s the website: https://en.wikipedia.org/wiki/Operation_Choke_Point

Apparently, there’s been a lot of pressure (and rightly so) on the FDIC to end this practice:

On January 29, 2015, the FDIC issued a Financial Institution Letter that states “The Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter today encouraging supervised institutions to take a risk-based approach in assessing individual customer relationships, rather than declining to provide banking services to entire categories of customers without regard to the risks presented by an individual customer or the financial institution’s ability to manage the risk.”

Yeah, that’s nice, since it violates Due Process, and I would hope that many businesses engage in a class action lawsuit under Section 1983 to personally sue all of those officials involved in the adoption and implementation of this travesty of justice.

[DrDude]

but you can’t refuse to bake a gay wedding cake?

[bkopto]

Mr. Luke Lichterman ought to educate himself about Bitcoin, become his own bank, and screw the banksters.

[buffaloguy]

This is how they can get your guns. You don’t eat until you turn them in.

[Redcitizen]

“Put the rifle down, too.”

“I’ll be needin’ this for squirrels and such.”

[dennisw]

“I’ll be needin’ this for squirrels and such.”—— Thanks. I just found that is from Josey Wales.

[Lurker]

Great flick.

L

[Laser_Ray]

I’m sending an email to this effect to the good people at Ghost Gunner with a link to this article. If they haven’t considered getting out of the mainstream financial world already, they need to.

[Biggirl]

There is going to be a big rebuilding process under Mr. Trump.