Posted on 04/12/2018 2:00:19 PM PDT by Oldeconomybuyer
A U.S. senator on Thursday criticized Citigroup Inc and Bank of America Corp’s restrictions on lending to firearm makers and sellers, saying the new policies were wrongly politicizing banking services.
Speaking during a hearing on the Consumer Financial Protection Bureau (CFPB), Republican Senator John Kennedy said he planned to personally file complaints with the U.S. consumer watchdog regarding the firearm policies.
“Our friends at Citigroup and Bank of America apparently aren’t busy enough with their banking business; they have decided that they are going to set policy for the second amendment,” the Louisiana lawmaker said, referring to the component of the U.S. constitution that protects citizens’ rights to bear arms.
(Excerpt) Read more at reuters.com ...
It’s just a darn good thing that Citibank and Bank of America don’t bake cakes. Otherwise they’d be in deep do-do.
This guy is not a “real” Kennedy, is he?
Those up in Massachusetts are the phoneys.
2nd Amendment bump for later....
Talk or action?
How much to these banks spend on guns for personal security
Bravo Zulu, Senator Kennedy!!
OTOH - those banks in large cities have armed guards.
.... I believe this is the new Leftist strategy .. If firearms manufacturers can’t get funding ... They will be forced out of business.
This is how they’ll do it.
They can rant and rave, they can send kids to march on Washington, they can parade idiot senile old justices to rant against the Second, they can do all this and more.
But its the private sector that worries me. The financial powers like Citigroup and BOA that can legally destroy our rights by financial manipulations like this.
Next up - Do you own a gun? Well your homeowners insurance is now canceled as you are a high risk and dangerous individual.
“referring to the component of the U.S. constitution that protects citizens’ rights to bear arms.”
Component?!
Reuters.
Ugh.
It may come down to either building an alternate financial network, or requiring banks to accept all legal transactions if the client bears all legal responsibility for their own business.
If these banks further change their policies regarding guns so that card holders can not buy a gun using their BOA or Citi cards, do that void the contract you have with concerning use of the card? And if that contract is thus voided, does that mean your balance on the card is canceled since the bank wil be the one that changes conditions of the contract?
Just curious is all.
Credit card user agreements always say that the company can change the rules as they see fit. Like all user agreements, they are one sided, and only protect the company, NOT the user. The fact that you have to agree, or don’t have access has become despicable, but absolutely universal policy. It’s company’s poking their finger in your eye, and saying, “if you don’t like it, do without.
you can bet that will be built into the new pricing algorithms thanks to google ai
they are not going to change an individual’s right to buy a gun... they are just not going to process credit cards of any type for a gun store... or lend them money to manufacture their products.
“This guy is not a “real” Kennedy, is he?”
Hell no...there are a lot of Irish Kennedys.
I will never do business with either BoA or Citibank again. I had an auto loan with BoA (dealer chose it, not me) and immediately paid off the balance last month and sent them a note telling them why. They will never get another cent of my money to manage. Ever.
BOA should ban guns for their bank branches, and the guards that protect their executives.
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