Posts Tagged banking

VISA CEO Skeptical Of New Merchant Codes For Gun Stores

From Bearing Arms:

So if [Visa’s Chief Communications Officer] K.C. Kavanagh goes into a gun store and buys three thermoses and a tent, and you go in and buy a rifle and five rounds of ammunition, all I know is you both went to the same gun store. I know what gun store, I know when you went, and I know how much money you spent. But I don’t know what you bought.

I don’t think the code was necessary. But it doesn’t matter; the code is in place. It’s now an international standard and we adopt international standards.

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Texas To Stop Business With Citigroup Over ESG, Gun Rights

From Bearing Arms:

Citigroup says it’s doing everything right, but Texas says it’s not.

However, in a statement, the NSSF notes that Citigroup’s own website tells a completely different story.

“Their own website, however, demonstrates that the corporate bank refuses business with firearm businesses that do not comply with their unconstitutional restrictions,” the statement reads, noting that the bank requires things such as bump stock bans, age-based restrictions, and magazine restrictions.

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Florida Attacks Credit Card Tracking Gun Purchases

From NSSF:

“This is the United States of America. You don’t get penalized for exercising a Constitutional right. The Second Amendment is nonnegotiable, and here in Florida, we are going to fight to protect the rights of Floridians,” Republican state Sen. Danny Burgess recently proclaimed.

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Bank CEO That Pushed Credit Card Gun Code Wants To Report On Citizens’ “Suspicious” Activity

From Ammoland:

“‘Detection scenarios’ are in the works that, if triggered, would prompt banks to file a Suspicious Activity Report to the Treasury Department’s Financial Crimes Enforcement Network,” the story elaborates, citing Amalgamated Bank Chief Executive Officer Priscilla Sims Brown.

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FBI Lies To Commit Biggest Bank Heist In History

From The Federalist:

There is no denying anymore that our federal agencies have weaponized their power against the political adversaries of the left. But if you think the feds’ abandonment of all standards only affects outspoken critics of the regime, think again. More allegations of FBI corruption and hubris are coming to light after a lawsuit last week revealed FBI agents misled a judge so they could illegally seize and withhold property from innocent American citizens.

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Affirm Payments Denying Gun Purchases

From Legally Armed America:

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Credit Card Code Is A “First Step” To Gun Prohibition

From Cam and Company:

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Credit Card Companies To Single Out Gun Stores

From Cam and Company:

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Louisiana Passes Bill To Deny State Funds To Anti-gun Companies

From Bearing Arms:

The 71 votes in favor of the bill means the measure has a veto-proof majority in the state House, which is critically important given that a similar bill sailed through the legislature in 2021, but was unable to overcome a veto by Gov. John Bel Edwards, who also vetoed a Constitutional Carry bill in the same session.

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NSSF Takes The Fight To Financial Industry

From Cam and Company:

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AZ House Passes Anti Financial Discrimination Bill

From The Truth About Guns:

The Arizona House voted Wednesday to penalize businesses that refuse to do business with firearms companies by barring them from state contracts.

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Defund Communist China

From The Federalist:

This needs to stop. This is why I am crafting legislation to force American university endowments to either divest from China or give up the benefits they receive from the American taxpayer. This provision would also apply to any pension funds that receive tax breaks from the federal government, so that the retirement security of tens of millions of Americans totaling more than $10 trillion is not tied to the success of America’s greatest enemy.

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Louisiana Denies Chase Bank Bond Deal Because of Gun Control

From The Advocate:

Louisiana officials Thursday blocked banking giant JP Morgan Chase from participating in a bond refinancing deal, in Republicans’ escalating effort to keep some large investment firms sidelined from state work because they limit business with firearm manufacturers.

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Citigroup Caves To Texas On Gun Stance

From The Truth About Guns:

Citigroup took a key step to restart its public-finance operations in Texas by submitting a letter last month verifying its compliance with the new law.

The bank sent a so-called standing letter to the Texas Attorney General’s office, a requirement for banks if they want to do business with Texas and its local governments after the legislation took effect.

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Texas Law Could Oust Bank of America and Citi From State

From Bloomberg:

The legislation, Senate Bill 19, would block government entities from contracting with banks and other financial services providers that have policies that restrict business with the firearms industry. Under the bill, companies with 10 employees or more seeking a government contract worth at least $100,000 would have to verify in writing that they do not have a policy or directive that “discrimina

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