Posted on 06/04/2025 11:02:21 AM PDT by george76
Citigroup announced Tuesday that it’s ending its policy restricting banking services to businesses selling firearms, citing “regulatory developments, recent executive orders and federal legislation.”
The policy, which required retailers to limit gun sales to people over 21, was originally implemented in 2018 after a 19-year-old shot and killed 17 students at Marjory Stoneman Douglas High School in Parkland, Fla. However, in a statement released Tuesday, the bank indicated it will “no longer have a specific policy regarding firearms.”
“The policy was intended to promote the adoption of best sales practices as prudent risk management and didn’t address the manufacturing of firearms,” the statement read. “These changes reinforce our commitment to serve all clients fairly, and we will continue to work with regulators and elected officials on ways to improve transparency and trust in the banking sector.”
...
Citigroup also announced that it would update its employee code of conduct to explicitly state that it “does not discriminate on the basis of political affiliation in the same way we are clear that we do not discriminate on the basis of other traits such as race and religion.”
The announcement follows pressure from the Trump administration, which urged companies to end discriminatory lending practices, or the “debanking” of conservatives.
“I hope you will open your banks to conservatives, because what you are doing is wrong,” President Donald Trump said to the CEO of Bank of America during a January speech at the World Economic Forum, after it allegedly closed the bank accounts of conservative individuals and groups.
Trump himself says he’s a victim of “debanking.” In March, the Trump organization filed a lawsuit against Capital One, alleging that the bank closed its accounts in 2021 for politically motivated reasons.
“The NRA welcomes the news that Citigroup has rescinded its discriminatory debanking policies targeting gun manufacturers and dealers. Citigroup and other banks were pressured by left-wing activists to implement these measures in an attempt to restrict the lawful sale of firearms,” said John Commerford, executive director of the National Rifle Association Institute for Legislative Action, in a statement shared with the Daily Caller News Foundation.
Republican lawmakers have proposed several bills to stop financial institutions from targeting individuals and businesses based on their personal beliefs or political affiliation. In February, GOP Sen. Kevin Cramer of North Dakota introduced the “Fair Access to Banking Act,” which Commerford said would “prevent other financial institutions from denying banking services to constitutionally protected industries.”
Been losing too much money no doubt.
Run by a dim British bish.
Too late, Kemo Sabe.
Bud Light sales will be ‘permanently’ lower. Citi says buy Anheuser-Busch InBev anyway..
https://freerepublic.com/focus/f-news/4282622/posts
Oh, well in that case.....Nah, still won’t bank with them.
lotta corporate lids coming off now that that the leftist fascists are no longer extorting the corporations ...
If laws were broken and no one is on his/her way to jail, the bribery system in the Courts is running just fine.
No way I would bank with them. Ever.
Too late!
Been 20 years since I shredded our Citi cards...
Refuse to deal with gangsters...
Check
The only way to end this is to create a private cause of action for victims of these types of financial coercion, along with a safe harbor affirmative defense for the credit card companies who steer clear of this. Make the damages similar to what Alex Jones had to pay to the FBI agents “traumatized” by his mean words who got a billion dollar default judgement.
Does anyone really believe that Citi Card will not discriminate? They will but will be sneaky about it. Mark this day.
Banks are very tightly controlled by the government. There is no way the government didn’t know about the “debanking.” Therefore the government was debanking by proxy, violating the Constitution in the process.
There needs to be jail time for executives and government officials.
People still drink that swill? Nothing but the best IPA for me (limit one, maybe two).
Citibank will make more money by staying out of WOKE politics and kicking customers they don’t like’s politics..
Why drink Bud Light? Water is cheaper...
That’s okay. My no Citigroup policy will remain in place.
Those at bag of A$$}{0£€$ can go directly to }{€££ !!! Years ago they wanted to charge Me $25 to cash My Payroll check that was drawn on their bank because I didn’t have an account with them !!!
And a few years ago I was going to make a Deposit of $20 to the Stepdaughter’s Account and they wouldn’t do that via check or cash because I didn’t have an account and was not on Her Account.
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