Corporate America Ramps Up Financial Gun Control
NBC Los Angeles reports that companies like Stripe and Inuit are refusing to process payments from gun makers, while Bank of America refuses “financing to companies that make AR-style guns.”
Bank of America is doing this even though AR-style rifles are both legal and commonly owned.
Honor Defense, a Gainesville, Georgia, handgun manufacturer is having trouble finding a credit card processor that will take its business, even though Honor is not making ARs. They make a single-stack 9mm for concealed carry but find themselves ostracized simply because their product is a firearm.
Yet another aspect of corporate America’s financial gun control is seen in attempts to prohibit companies associated with the gun industry from selling certain products. On March 23, 2018, Breitbart News reported Citibank’s new regulations barring gun store customers from selling “high-capacity” magazines and requiring those same stores to refuse long gun sales to 18-20-year-old Americans, even though it is legal to sell guns to 18-20-year-olds.
Wealthy investment groups, such as the Interfaith Center on Corporate Responsibility – with $634 billion in assets – have called on their members to sever ties with the NRA as well.