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Citigroup Becomes First Major Bank to Restrict Some Gun Sales
March 22, 2018, 01:59 PM
rainman64Citigroup Becomes First Major Bank to Restrict Some Gun Sales
https://www.bloomberg.com/news...s-business-customershttps://www.cbsnews.com/news/c...by-business-clients/https://www.americanbanker.com...stomers-on-gun-sales "Over the last several weeks, I have had many conversations with clients, colleagues and friends who hold a range of opinions on the regulation of firearms in the U.S," Corbat said in the memo. "It is clear to me that most people believe there are areas of agreement and practical changes we can make to find common ground."
The new policy requires its clients to enact the following "best practices":
Not selling firearms to someone who hasn't passed a background check
Not selling firearms to anyone under 21 years old
Not selling bump stocks or high-capacity magazines.
The policy applies across the firm, including "small business, commercial and institutional clients, as well as credit card partners, whether co-brand or private label."
Citi is just the latest corporation to change its stance on guns or the National Rifle Association since the shooting in Parkland, Florida, last month that claimed 17 lives at Marjory Stoneman Douglas High School.
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"He who is without oil, shall throw the first rod"
Compressions 9.5:1
March 22, 2018, 02:16 PM
ScoutmasterI was already committed to calling the NRA/ILA on Saturday with a donation. And now I am committed to not do business with Citibank.
"Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it"
- Judge Learned Hand, May 1944 March 22, 2018, 02:18 PM
nhtagmemberfools
I hear a lawsuit in the wind...
[B] Against ALL enemies, foreign and DOMESTIC
March 22, 2018, 02:20 PM
GraniteguyGreat - I think I will get a Citibank card and use it ONLY for firearms and ammunition purchases.
March 22, 2018, 02:22 PM
radiomanquote:
high-capacity magazine
WTF is a high-capacity magazine? By whose definition?
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Let's Go Brandon!
March 22, 2018, 02:44 PM
sigmoidquote:
Originally posted by Graniteguy:
Great - I think I will get a Citibank card and use it ONLY for firearms and ammunition purchases.
That's what I did with my Costco Citibank card
Guns, ammo, mags and .... silencers
Phuck 'em!
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Guns don't kill people - Alec Baldwin kills people.
March 22, 2018, 02:48 PM
comet24quote:
high-capacity magazines.
What does this mean? I have standard capacity mags. These were designed by the manufacturer.
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Because in the end, you won’t remember the time you spent working in the office or mowing your lawn. Climb that goddamn mountain. Jack Kerouac
March 22, 2018, 02:51 PM
egregorequote:
Not selling firearms to someone who hasn't passed a background check
What have dealers been doing for the last 50 years?
March 22, 2018, 02:53 PM
SigmundAnother article says " By picking sides, CEOs hope to be on the right side of history." Where have we heard that before? Oh yeah, from Barrack H. Obama.
http://money.cnn.com/2018/03/2...trictions/index.htmlMarch 22, 2018, 02:54 PM
Scoutmasterquote:
Originally posted by radioman:
quote:
high-capacity magazine
WTF is a high-capacity magazine? By whose definition?
More than one round?
(I can't help it, I live in California) .
"Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it"
- Judge Learned Hand, May 1944 March 22, 2018, 05:25 PM
MarinetoRNI had a shittyBank credit card years ago. Couldn't wait to pay it off even back then. Now I deal only with Navy Federal Credit Union whenever possible.
SiGArm'd
P220ST X2, 1911 Revolution, P245, P229 RTTEQ/ST .40 X2, P226ST, Mosquito
Other weaponry not SIG
Glocks are ugly.
I don't like repeat offenders, I like dead offenders.
March 22, 2018, 05:38 PM
Tommydoggquote:
Originally posted by Scoutmaster:
I was already committed to calling the NRA/ILA on Saturday with a donation. And now I am committed to not do business with Citibank.
If I had a Citibank card, I would use it every day for a month to give the NRA a small donation!
___________________________
"I Get It Now"
Beth Greene
March 22, 2018, 07:15 PM
Sigmundquote:
Originally posted by Scoutmaster:
I was already committed to calling the NRA/ILA on Saturday with a donation. And now I am committed to not do business with Citibank.
Not sure how you file, but donations to the NRA Foundation are tax deductible.
The NRA Foundation has made ensuring the legacy of hunting and the shooting sports our first priority. To preserve our precious freedoms, we must continue to provide funding to essential firearm-related programs of the NRA and other organizations that defend and foster the Second Amendment rights of all law-abiding Americans.
To make a donation, call us toll-free at 877-NRA-GIVE, mail a check made payable to The NRA Foundation to the address below, or make a gift online using the form below.
The NRA Foundation is a 501(c)(3) charitable organization. Contributions are tax-deductible to the full extent allowed by law. The NRA Foundation Tax ID number is: 52-1710886https://www.nrafoundation.org/donate/March 22, 2018, 07:28 PM
hrcjon30 years with Citi and this is the end. Will figure out how to send the idiot a personal note tomorrow (there is no contact info to the presidents office), start to find alternatives and then cancel.
Bye bye CITI
“So in war, the way is to avoid what is strong, and strike at what is weak.”
March 22, 2018, 07:33 PM
parabellumSo, what does this mean, exactly? If I place an order with CDNN or buy a firearm via Gunbroker, do they deny the charge?
March 22, 2018, 07:34 PM
EchtermetzgerIt might be a decade late, but.....
"BREAK UP THE BANKS"
there's a reason why large corporations like these are bad.....too much influence concentrated. It's like sleeping with your favorite 800lb gorilla...you may really like that gorilla, but when it moves to get a closer, it may just crush you.
Democratize the shit out of the banks and split them up. Glass-Steagall, bitches.
A well balanced breakfast being necessary to the start of a healthy day, the right of the people to keep and eat food shall not be infringed.
March 22, 2018, 07:39 PM
MuddflapDamn. Just cancelled the NRA card from Omaha National, and got approved for a Citi Master Card. Now they do this shit.
March 22, 2018, 07:54 PM
ScurvyPretty sure BOA talked about doing this a couple years ago and the backlash was so big that they quickly reversed course.
March 22, 2018, 07:58 PM
bigwagonquote:
Originally posted by parabellum:
So, what does this mean, exactly? If I place an order with CDNN or buy a firearm via Gunbroker, do they deny the charge?
The cowards have said they won't restrict cardholders purchases with a Citi card. In other words, they are trying to have it both ways. But they will lose. I can't imagine any 2A supporter ever using a Citi card to make firearms purchases and many will choose to cut them up. I'm livid that my company uses Citibank for our corporate cards.
March 22, 2018, 08:16 PM
thundersonIf I had known about this sooner I would have paid for my NRA lifetime membership with my Citi card
I have the heart of a lion.......and a lifetime ban from the Toronto Zoo.- Unknown