Posted on 03/22/2018 3:21:44 PM PDT by mojito
For too many years, in too many places, our country has seen acts of gun violence that have resulted in heartbreaking losses. We are all too familiar with them and there is no need to recount them here.
Over the same amount of time, we have waited for our grief to turn into action and see our nation adopt common-sense measures that would help prevent firearms from getting into the wrong hands. That action has sadly never come and as the weeks pass after the most recent mass shooting, it appears we are stuck in the same cycle of tragedy and inaction.
As a society, we all know that something needs to change. And as a company, we feel we must do our part.
Today, our CEO announced Citi is instituting a new U.S. Commercial Firearms Policy. It is not centered on an ideological mission to rid the world of firearms. That is not what we seek. There are millions of Americans who use firearms for recreational and other legitimate purposes, and we respect their Constitutional right to do so.
But we want to do our part as a company to prevent firearms from getting into the wrong hands. So our new policy centers around current firearms sales best practices that will guide those we do business with as a firm.
Under this new policy, we will require new retail sector clients or partners to adhere to these best practices: (1) they don’t sell firearms to someone who hasn’t passed a background check, (2) they restrict the sale of firearms for individuals under 21 years of age, and (3) they don’t sell bump stocks or high-capacity magazines. This policy will apply across the firm, including to small business, commercial and institutional clients, as well as credit card partners, whether co-brand or private label. It doesn't impact the ability of consumers to use their Citi cards at merchants of their choice.
We know our clients also care about these issues and we have begun to engage with them in the hope that they will adopt these best practices over the coming months. If they opt not to, we will respect their decision and work with them to transition their business away from Citi.
We have few relationships with companies that manufacture firearms. For those that do, we will be initiating due diligence conversations on the subject to better understand what products they make, what markets and retailers they sell to and what sales practices those retailers follow to ensure adherence to the best practices outlined above. This same due diligence screening will apply to potential clients going forward.
These common-sense sales practices already have widespread public support according to recent polling and they are easy to implement. Some, like Walmart, have gone even further.
We recognize that we don’t have all the answers and that existing technology in our industry doesn’t allow for a more targeted approach at points of sale. For that reason, we would like to convene those in the financial services industry and other stakeholders to tackle these challenges together and see what we can do. This approach has worked well in areas such as sustainability, where the Equator Principles ushered in a new era of environmentally and socially responsible financing practices. We hope to leverage collective action to encourage responsible practices by all who sell firearms. As best practices evolve, we will update our policies accordingly.
We know that the actions we are taking today will invite passion on both sides. We don’t have the perfect solution but we have come to the conclusion that we must do our part to keep guns out of the hands of those who wish to do harm. And we hope our actions help achieve that vital goal.
Sports stores should ban all Citi employees from buying guns.
Fascists.
If you bank at Citibank - it’s time to close your accounts.
Essentially they are telling retailers and companies like Academy that if you sell guns and ammo, then we will not be your bank.
And if your customers try and use a Citibank card at your store - it will be denied.
This. This is how these gun grabbing bastards will enact “gun control”.
Through the Free Market.
Sports stores should ban all Citi employees from buying guns.
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They won’t have to. Try and soon use your Citibank card at Academy. It’ll be denied because Academy sells them mean ol’ nasty guns.
Backdoor ban on guns. We are seeing this occur this week and it is a bad trend.
I say we should all start pushing congress to raise voting age to 21 unless they are active duty military. Obviously our ruling class has determined that people under 21 are not mature enough to own a gun. Since they are that immature, it is a danger to this country to allow them to vote!
Does it go that far, ban consumer spending? I think it is just the retailers that want to bank with Citibank, they will have to change banks. But maybe I'm wrong.
Yep. A 19 year old is old enough to pick up a weapon and defend in his country in times of war.
But the pussies at Citi think he is too young to even OWN a weapon?
Outrageous.
Yep, I had them freeze my account and once everything clears I will be closing the account. And I told them why.
So I can’t use my Citi card to buy firearms? Drat. I’ve got my eye on a real nice Henry .22LR pump action rifle with octagon barrel at Sportsman. Guess I’ll pay cash for it then; get a $500 advance from Citi and use their money to buy it.
(a) Activities constituting discriminationIt shall be unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction—
(1) on the basis of race, color, religion, national origin, sex or marital status, or age (provided the applicant has the capacity to contract);
It may not go that far now. But just wait. Their plan to erase the Second just takes time. They have to pick their battles a little at a time.
Then over time, us frogs in a pot will be boiled to death while not noticing the gradual increase in temperature.
This is why cryptocurrencies are necessary.
With any luck they will replace all the credit card companies.
And no skimmging.
Ever since I paid off and literally burned up my Citi CC they’ve been sending me junk mail offering interest free for the next 12 months including balance transfers hoping I overlook the transfer fees, (not to mention they bet on you not paying off the balance so they can retroactively tack on all that back interest). So now I have another reason to tell them to FO.
This reads like pure propaganda.
Know that these companies are NOT acting independently but are working together with a cabal to destroy our rights and liberties.
Read up on the RFRA fight in Indiana to see more as this is backed by the gay lobby who have now progressed beyond their gay tactics into a full-on progressive agenda.
WE ARE AT WAR PEOPLE
you are correct it is the merchant accounts... not in the individual customers... this is part of operation choke point that Obama started... back door gun control...
we, as conservative have to stop spending money with these companies.... this includes mortgages and auto loans.
I know it is a pain... but close your accounts. Quit doing business with them. Quit accepting their cards at your place of business or on your website... quit allowing people to use the chrome browser at your website.... we have to fight back or we all be marginalized.
Citi proves its not an American company, but rather its a commie-nazi enemy front group bent on destroying America or at least taking away our civil liberties and ability to defend ourselves, our families, and our homes.
whoever let this happen at Citi Bank should be sent to the penitentiary!
Citi can GTH!
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