quote:

Why is part of this bill about reputational risk?

This bill sends a message to regulators that they should never tell a bank to shut down an account because they don’t like the type of business that the bank is holding that account for. So that’s a second piece of this bill, section 10, is saying to regulators, ‘you are not moral police.’ If a company is legal and they don’t have financial concerns, then it’s improper to tell them to shut down the account for that business.

Wonder if they'll apply that same methodology to stopping banks from cancelling firearm dealers accounts

Link

Unfortunately, it does not stop banks and other institutions from being social justice warriors and discriminating against businesses they do not like.

So I don't think this is going to help unless FFLs become a protected class under the Second Amendment.

On the other hand, freedom is freedom and they should be allowed to do business with whom they choose.

We should vote with our wallets when they make the wrong choices.

quote:

Originally posted by sig2392:
On the other hand, freedom is freedom and they should be allowed to do business with whom they choose.

That's the way it should be but the woke pressure to follow DEIeX(and exclusion) is great.