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« A great reason to bank at Wells Fargo | Main | Surely that will work... »

Bank of America takes the other tack

Posted by David Hardy · 11 April 2018 08:27 PM

Captain's Journal reports that Bank of America will refuse to lend to gun makers who make "military-style" firearms.

6 Comments | Leave a comment

one-eyed Jack | April 12, 2018 6:58 AM | Reply

Idiots. Military style and civilian style guns all have a stock, barrel,action and a trigger. What's the diff if not full auto? Jack.

Dave D. | April 12, 2018 8:35 AM | Reply

....the difference is ' Eeeeeeww! , Icky ' .

Patrick Henry, the 2nd | April 12, 2018 9:12 AM | Reply

This is probably illegal in Georgia. They have a law other states should adopt (passed after Operation Chokepoint): no financial services can be denied to legal firearms businesses because they are in that business.

MattK replied to comment from Patrick Henry, the 2nd | April 12, 2018 12:47 PM | Reply

It is illegal in Georgia. It is up to the GA Attorney General to go after the financial institution. The law says he shall do it, but I don't know if that means he must.

10-1-439 through 10-1-439.4

10-1-439.2
"...it shall be an unlawful discriminatory practice for any person to refuse to provide financial services of any kind to... a person or trade association ... solely because such person or trade association is engaged in the lawful commerce of firearms or ammunition products and is licensed pursuant to Chapter 44 of Title 18..."

wrangler5 | April 13, 2018 8:23 AM | Reply

I think this is as good a reason as any to replace my Bank of America VISA card with one from a company that is not so obviously hostile to an important American value.

old guy | April 15, 2018 7:29 PM | Reply

I am closing my account and cancelling my cards. I will be sending a letter to the COB and letting him know that he obviously does not want my business either. Not a big deal to them when one person does it but it could end up big

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