Citi sets restrictions on gun sales by retail clients

Reuters ^ | March 22, 2018 11:55 AM | Ross Kerber, Nikhil Subba

[Olog-hai]

Citigroup Inc. (C.N) added restrictions on firearms sales for new retail-sector clients, the Wall Street bank said on Thursday, the strongest move to date by a major U.S. lender following last month’s high school shooting in Florida.

In an e-mailed statement, Citi said it will require those clients only sell firearms to customers who have passed a background check, restrict sales of firearms for people under 21 years of age, and not sell so-called “bump stocks” or high-capacity magazines.

The bank’s new rules come weeks after a shooting at a Florida high school that killed 17 people, the second-deadliest shooting at a public school in U.S. history. Major retailers and at least one online lender have taken similar steps since the shooting renewed a debate about gun safety and whether new restrictions are needed.

But so far, other major banks and financial services firms have focused more on their communications or talks with the weapons industry, including outreach by Bank of America (BAC.N) and asset manager BlackRock Inc.(BLK.N) …

[DariusBane]

I have a CITI credit card. Those virtue signaling idiots will hear from me today.

[DBrow]

Who uses a credit card to buy guns’n’ammo anyway? Now certainly nobody will use Citi when their card gets rejected when buying a rifle at Dicks.

[eyeamok]

I assume all the Gun Dealers across the country are comprising a list of Citi Employee’s for their NO SALE List, and refuse to sell anything to any employee of Citi

[Frank_2001]

Shittibank!;)

[umgud]

Ditto

[DariusBane]

Just called and cancelled my card.

[Impala64ssa]

Ever since I paid off and literally burned up my old Citi CC, those hoplophobic virtue signallers have been sending me junk mail offering interest free for 12 months including balance transfers, hoping you overlook the transer fees.(actually they’re betting you won’t pay off your balance before the deadline so they can retroactively tack on all that accrued interest). I dare them to send me more of this crap.

[CIB-173RDABN]

Citigroup Inc. (C.N) added restrictions on firearms sales for new retail-sector clients, the Wall Street bank said on Thursday, the strongest move to date by a major U.S. lender following last month’s high school shooting in Florida.

---

This is an action by a progressive business. The media applauds such action.

Turn it around and see how the media would react...

Citigroup Inc. (C.N) added restrictions on abortions for new retail-sector clients, the Wall Street bank said on Thursday, the strongest move to date by a major U.S. lender against the wholesale slaughter of innocent babies.

[DesertRhino]

Guns are a civil right. What if Citibank said no business using their services could sell to women, blacks, or hispanics?

[Skywise]

This is a violation of civil rights against those of legal age to own guns and Citigroup needs to be punished severely.

Jeff Sessions - the ball is in your court.

Also it’s time to add gun owners as a protected civil class along with homosexuals and transgenders.

You assholes want to play the game - let’s play...

[Skywise]

This is also against the law as it restricts the rights of the individual to take part in legal transactions. If cash can be used to purchase guns (and it can) then it is illegal to restrict DEBIT card usage in the same way as that’s a proxy of your cash.
I’d argue credit is the same way but that’s a bit more grey as you’re using the banks money and they have some rights there.

[nuke_road_warrior]

Not sure how they are going to enforce this. Never been asked for age, etc by the CC company when buying liquor, medications, or other legal, but restricted items. The retailer may ask for ID if needed for compliance with the law, but the CC company only cares if I am under my credit limit. If Citi insists that retailers furnish them with information to confirm these restrictions, I see a lot of FFLs just dropping acceptance of Citi CCs simply as a business decision.

[TexasGunLover]

This is a violation of civil rights...

No, gun owners are not a protected class.

[TexasGator]

“Who uses a credit card to buy guns’n’ammo anyway?”

I do.

[Skywise]

But 18 year olds can buy guns and ageism is a protected “class”

[TexasGunLover]

But 18 year olds[sic] can buy guns and ageism is a protected “class”

I do not know the definition of ageism, but thought it was only related to employment.

[RushIsMyTeddyBear]

Bingo.

[musicman]

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[BuffaloJack]

My family dumped CitiBank years ago.

1) My sister-in-law filled out a deposit slip, signed her pay check and asked me to deposit it for her, deposit it not cash it.
They made her come in to make the deposit in person.

2) My wife and I went into Citi to get some papers notarized, the guy waiting on us said we’d have to come back another time, because there wasn’t a notary there that day.
We came back the next day and asked someone else and that person a VP and the first guy’s boss, directed us to that same guy from the day before, because he was the noraty.

The following week, everyone in my family and extended family closed all our accounts with Citi.