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Senator slams bank gun policies, threatens consumer complaint
Reuters ^ | April 12, 2018 | by Katanga Johnson

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 ...


TOPICS: Constitution/Conservatism; News/Current Events; Politics/Elections; US: Louisiana
KEYWORDS: banglist; boa; cfpb; citigroup
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To: Oldeconomybuyer

Good. Big business needs to pay a price for anti-Constitutional bigotry.


21 posted on 04/12/2018 3:22:51 PM PDT by SoFloFreeper
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To: Responsibility2nd
"Do you own a gun? Well your homeowners insurance is now canceled as you are a high risk and dangerous individual."

How are they possibly going to know??? In all my home transactions and insurings over the years, NOTHING alludes in any way to gun ownership. Moving from state to state pretty much breaks any information connection about guns.

22 posted on 04/12/2018 3:35:36 PM PDT by Wonder Warthog (The Hog of Steel and NRA Life Member)
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To: Oldeconomybuyer

I have to wonder whether there is some precedent in the civil rights cases of the mid-20th Century for penalizing a business that prevents, or tries to prevent, its customers from exercising a basic right. It’d sure make a wonderful class-action lawsuit.


23 posted on 04/12/2018 3:43:33 PM PDT by Ancesthntr ("The right to buy weapons is the right to be free." A. E. van Vogt)
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To: Oldeconomybuyer

Armed robber steals $8G from Bronx Bank of America - NY Daily News

Bank of America Corp’s restrictions on lending to firearm makers and sellers

“Neither a borrower nor a lender be”
What`s left?

Jan 25, 2018 - A brazen robber armed with a shotgun stormed into a Bronx bank Thursday and made off with $8,000 cash, officials said. The gunman dressed in a black jacket and jeans brandished the weapon inside a Bank of America on White Plains Road near Pelham Parkway South in Morris Park about 10:25 a.m..

www.nydailynews.com/.../armed-robber-steals-8g-bronx-bank-america-article-1.377876...

Karma


24 posted on 04/12/2018 4:07:08 PM PDT by bunkerhill7 ((((("The Second Amendment has no limits on firepower"-NY State Senator Kathleen A. Marchione.")))))))
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To: Oldeconomybuyer

Every gun owner across America should close their accounts with those two banks if it is at all possible.


25 posted on 04/12/2018 4:23:10 PM PDT by Dogbert41 (When the strong man, fully armed, guards his own dwelling, his goods are safe. -Luke 11:21)
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To: Oldeconomybuyer

I think seizing the manufacturers right and ability to make guns is tantamount to denying the 2nd amendment, all other things being equal (manufactures credit standing, etc).

If their only reason to shut the makers down is to control guns, then I think it’s an unconstitutional move.

ALL gun owners who do business with those types of financial institutions should immediately cancel their cards, and close their accounts.

Congress, is doing nothing...it’s up to us, the people, to correct the course our country is taking.

Either that, or tomorrow we’re Venezuela.


26 posted on 04/12/2018 4:47:54 PM PDT by FrankR (An armed society is a polite society.)
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