Citi sets restrictions on gun sales by retail clients
Source: Reuters
BUSINESS NEWS MARCH 22, 2018 / 11:55 AM / UPDATED 27 MINUTES AGO
Ross Kerber, Nikhil Subba
(Reuters) - Citigroup Inc (C.N) added restrictions on firearms sales for new retail-sector clients, the Wall Street bank said citi.us/2FVnjJj on Thursday, the strongest move to date by a major U.S. lender following last month's high school shooting in Florida.
In an e-mailed statement Citi said it will require those clients only sell firearms to customers who have passed a background check, restrict sales of firearms for people under 21 years of age, and not sell so-called bump stocks or high-capacity magazines.
The banks new rules come weeks after a shooting at a Florida high school that killed 17 people, the second-deadliest shooting at a public school in U.S. history.
Major retailers and at least one online lender have taken similar steps since the shooting renewed a debate about gun safety and whether new restrictions are needed.
Read more: https://www.reuters.com/article/us-usa-guns-citigroup/citi-sets-restrictions-on-gun-sales-by-retail-clients-idUSKBN1GY29T
Initech
(99,915 posts)bitterross
(4,066 posts)That thought HAS to be rampant over in freeper-land right now. I don't dare go there though.
On Edit:
all I had to do was google citi boycott and I got this right away
https://www.ccrkba.org/citibankcitigroup-faces-national-boycott-by-gun-owner-group/
And this:
https://www.saf.org/boycott-of-citibankcitigroup-successful-by-gun-owner-group/
dlk
(11,438 posts)Hoyt
(54,770 posts)Wouldn't it be funny if the NRA affinity card is backed by Citi. Of course, you have to wonder what kind of cretin would use that card.
Mr.Bill
(24,104 posts)Hoyt
(54,770 posts)bucolic_frolic
(42,679 posts)no one needs or wants the liability at this moment
47of74
(18,470 posts)Fred Sanders
(23,946 posts)IronLionZion
(45,261 posts)since they would easily pass whatever hurdles would be put in place to block out the dangerous ones.