CITI Tells Gun Dealers to Stop Selling “High Cap” Magazines or Their Accounts Will be Banned

On Thursday, Citigroup, the 4th largest bank in the nation, announced a new policy that will require “new retail sector clients or partners” to follow “best practices” regarding the sale of firearms and certain accessories, including bump stocks. The policy is wide-reaching, applying to “small business, commercial and institutional clients, as well as credit card partners.”
The bank will require retail clients to restrict the sale of firearms to persons under the age of 21, as well as make passing a background check a mandatory part of the sale, regardless of whether it is received before the closing of the three-day window as identified in the current law.
It also restricts retailers from selling “high-capacity” magazines as well as bump stocks. …Read the Rest

Source:: NRA-ILA