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Posted on 04/06/2018 3:00:20 PM PDT by PROCON
New York state’s comptroller has asked a host of banks and credit card companies to explore whether or not gun transactions should be treated like high-risk purchases like porn, illicit drugs and cryptocurrencies, Bloomberg magazine reported.
Comptroller Thomas DiNapoli, who oversees some $209.1 billion in the state’s public employee retirement fund, the third largest in the country, sent letters out last week urging financial institutions to consider following Citigroup’s effort to force the gun industry to adopt stricter policies.
“If gun violence continues unabated in society — public outcry and calls for action may grow and create significant financial risk for the company,” DiNapoli said in one letter, the magazine reported.
Financial companies and other businesses reacting to the public outcry from the deadly school shooting in Parkland, Florida, have been reviewing and altering policies regarding gun sales. The incident involved a 19-year-old gunman who bought his AR-15 rifle legally despite complaints to law enforcement. He gunned down 17 people and injured 15 others on Valentine’s Day.
Citibank was the first bank to release a coherent policy raising the bar for businesses seeking funding for to sell firearms. Analysts argued Citibank’s policy could serve as a template for other financial entities wanting to restrict gun sales by clients.
The company’s chief executive said they considered important nuances regarding the issues that lead to gun crimes. Citi’s policy changes include requiring background checks, restricting sales for buyers under 21, and banning bump stocks and high-capacity magazines.
(Excerpt) Read more at guns.com ...
The War against our 2nd Amendment Rights continues.
This Ping List is for all things pertaining to the 2nd Amendment.
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More 2nd Amendment related articles on FR's Bang List.
Equal protection and Commerce Clause....
This man needs to be tarred and feathered and thrown out of office.
But let’s start by having credit card companies no longer allow political donations as it’s pliticans like these that are the real blight on our country.
Thatll shut him up real fast.
Sounds like tortious interference.
Government Blackmail in your Face
King George III is back from the grave.
People like this need to go to prison for this crap.
Financial companies and other businesses OVER reacting no wonder they their stocks act like a roller coaster.
Motto:Everything causes panic.
this man belongs in prison!
Besides Wells Fargo and Bank of America, what other financial institutions are involved with this travesty of justice?
I wonder what laws and regulations my apply, forcing credit card companies and banks to do business with legal companies? Any examples of other discriminatory practices that states sanction? Choose to not do business with a company or group because of their 1st amendment choices? At what point does this become an actionable civil rights issue?
New York Pushes JPMorgan, BofA, Visa to Reconsider Gun Sales
Now we are getting into violating people civil and human rights as well as the Second Amendment. Kind of like not lending money to black folks or Muslims. Time for US to start launching some lawsuits against these Nazi oooholes.
“———like not lending money to black folks or Muslims. “
Protected classes——we aren’t.
The country has gone NUTS!!!!!!!!!!!!!!!!!!
.
Too many New Yorkers will high five on this, all the while being too stupid to understand the tyranny of their State Government.
And written in cursive, on parchment with a quill pen.
I think King George III would be appalled by the level of despotic meddling and interference that the majority of our politicians and “leaders” get up to today.
With a sleeping giant, filled with a terrible resolve, beginning to awaken.
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