Posts Tagged business

Gun Companies To Leave CT

From Guns.com:

High taxes and strict laws encourage gun manufacturers to abandon Connecticut, according to a new report published last month.

“It’s directly related to regulations,”said Mark Rydzy, owner of the Pauway Company, during an interview with the Connecticut Post in July. “Every time a new series of gun laws goes into effect, it ends up changing everything.”

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FDIC Backtracking on Targeting of “Risky” Gun Businesses

From The Daily Signal:

The Federal Deposit Insurance Corp. has acknowledged its role in Operation Choke Point and is taking dramatic steps to reverse its policies in targeting legal and legitimate industries that are disfavored by the Obama administration.

From The Washington Times:

In an effort to put an end to Operation Choke Point — a financial task force that was created by the Obama administration to “choke out” businesses it finds objectionable like gun shops — the Federal Deposit Insurance Corp. issued a letter Wednesday saying all banks should examine their customer relationships on a case-by-case basis and not by industry operational risk.

“The FDIC is issuing this statement to encourage institutions to take a risk-based approach in assessing individual customer relationships rather than declining to provide banking services to entire categories of customers,” the FDIC said in a letter to its financial institutions released Wednesday.

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