Skip to comments.Gun Seller Dropped By Bank Rejects Their Attempt ‘To Kiss And Make Up’
Posted on 06/01/2014 6:37:45 AM PDT by rktman
A Massachusetts gun store owner says its too late for a bank to mend a relationship that it broke.
Mark Cohen, who owns Powderhorn Outfitters, a Hyannis, Mass. gun retailer, said that his longtime bank, TD Bank, refused to extend a line of credit because of the business he is in.
Cohen explained what happened in an interview with The Daily Caller on Friday.
This year I went to apply for a line of credit, and the bank manager came by the store, said Cohen, adding that hes known the bank manager for over 20 years.
Mark, I apologize, she said, according to Cohen, your credit history is great, but the bank is turning you down because you sell guns.
(Excerpt) Read more at dailycaller.com ...
Good for him, I’m sure there are plenty of banks out there who would gladly give credit to him.
BitCoin/DogeCoin/LiteCoin are good alternatives, and I would be willing to bet that firearm retailers will take to accepting these currencies in the future if banks keep up with these shenanigans.
Is it legal, for a bank to discriminate against a legal business such as a gun business????
I don’t know the law, but, this strikes me as something that may not be legal. Can you imagine a bank having a blanket policy of not taking business from (fill in the blank, any legally operating business)?
Whether it’s illegal discrimination, I don’t know. But it clearly is singling out those in a legally operating type of business and declining said business.
Meanwhile bakers must bake sodomy celebration cakes.
My point exactly. We are forcing anyone in the wedding business to take business from those involved with homosexual marriage. They are now allowed to decline to provide such services.
Based on that, can’t we compel banks to do business with gun businesses, in the same manner in which they deal with all other businesses???
I meant to say they are “NOT” allowed to decline to provide such services. Wish we had a way to correct posts here.
VERY good point - this needs to go viral - the “Choke Point” - a thinly disguised attack to put gun shops out of business - before it puts too many out of business.
Since when does the gov’t have the right to tell banks who they can and cannot do business with?
Ph wait! Yeah- they got away with that back with the home loans to unqualified people - (A MAJOR part of why we are where we are in this country)
If a bank doesn’t play ball, their charter to do,business could be threatened.
So TD Bank can do it, but the cake guy in Colorado can’t....
Huh? In a true free market, yes a bank could pick and choose their customers. A bank could choose not to accept a gay bar’s payroll account, or an individual account for a guy who has tattoos from his shoulder to his fingertips and works at the local chop shop, etc.
Money talks. I hope any and all gun owners withdraw their money from TD Bank and go elsewhere with their business.
Plenty of other banks out there.
Chase is on this too. They were off my list quite some time ago, even before they adopted a policy of not accepting cash deposits over the counter.
Democrat control freaks use this tactic to close down legal businesses they don't 'approve of'. When Republicans get in office we should 'keep a closer eye' on all liberal businesses. I'm sure the effers at the New York Times, LA Times and Washington Post would 'find their outrage' if we acted like this..
Uh, dimokkkrats war on guns? Hopolophobe: Having an irrational fear of inanimate objects.
Try discriminating against abortion providers to see if there are any laws... because if there are, you’ll be sued in a heart-beat...
It would seem to me that in our country if one place is allowed to discriminate against it’s customers & another is not,that this should very well end up on the USSC docket.
I support any business to have the right to decline any business they choose for whatever reason they like. That business may rethink the results of that policy when consumers speak with their money.
“Banknorth added a sister company, TD Ameritrade, which was formed after the Ameritrade Holding Corporation acquired TD”
Well now, if TD Ameritrade started losing clients, because of this, the blowback could be serious enough for the Obama-commies to take note.
I would love to see the NRA open nationwide banking.
They would suck many customers from alot of places!!!
IMO, they would surpass the largest bank now in existance in a very short time.
How many here alone would change their bank? I definately would.
You do. Preview first. I also am quick on the keys at times.
I would change to the NRA bank in a heartbeat.
It shows their hypocracy when a government wants banks to refuse a firearms related business deposits and other business. But, that same government doesn’t refuse to accept the firearms related business’ taxes, license fees, sales taxes, etc. Why doesn’t the government refuse to accept that dirty firearms money?
And Obama's bank regulators would give you a weekly colonoscopy. Which is WHY the banks are avoiding gun businesses -- they don't want trouble from the regulators. This is just another way Obama is using government to lean on people he doesn't like, just like he sent the IRS after conservatives and conservative groups.
Gun owners aren’t a protected class, unless they are gay, black, or have a vagina.
Discrimination laws only protect the special ones. Just ask Holder.
It goes back to the protected class issue.
now that I think about it, are gays in this list? I forgot to mention above the religious. You can discriminate, but only on certain grounds.
Even if it was illegal for the bank to discriminate against a gun shop, say there was a statute on the subject, judges would find the statute unconstitutional and would green-light the discrimination. All branches of the government have coordinated their institutional bias against the public being allowed force of arms. The concessions they grant are tokens, meant to keep the public mollified.
goal of excuse for the initiative is to protect consumers against fraud, but it has had negative consequences.
How about some jail time for those responsible!
Not if they exist by the graces of the government. Frankly, I like the suggestion on comment #1.
Yet the industry is falling over itself to offer sharia compliant services.
This is the “chokepoint” strategy coming out of Holder’s justus department.
Banks and other institutions are being leaned on NOT to do business with gun shops and similar untouchables...tobacco companies, energy and pharmaceutical companies and the like are next.
It started 10 years ago when they asked Credit Card companies not to let their customers charge cigarettes on their credit cards to get cigarettes from other states or counties with lower taxes.
Nobody batted an eye because they hate cigarettes. It meant nothing to them but you had to know that it would go further, with government it always does.