Citigroup enters the Gun Control Arena

From the article: Citigroup Acted. Now, Two New Ideas on How Banks Can Limit Gun Sales by Andrew Ross Sorkin, The New York Times. March 26, 2018.

“Citigroup said it would require retailers to place restrictions on the sale of guns to anyone under the age of 21, stop selling bump stocks and high-capacity magazines, and to perform background checks.  Otherwise it would not do business with them.”

“Most major banks and credit card companies are working on this issue with one exception: Wells Fargo.  Wells Fargo is the largest financier in the nation of the gun industry and is the main bank for the NRA.”

I am a Wells Fargo customer but I am not sure how much longer I will be a customer.


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