Citigroup Plans on Regulating Firearms

By Patrick Roberts

U.S.A. –-(Ammoland.com)- Citigroup plans on regulating firearms through controlling sales to persons under the age of 21, bump stocks, and “high-capacity magazines” according to an internal memo that was sent to Firearm Rack by an anonymous source.

The memo was penned by CEO of Citigroup, Mike Corbat detailing their new U.S. Commercial Firearms Policy details several guidelines that firearm retailers MUST follow if they would like to do business with Citigroup. If they decline to adhere to the new policies, Citi will “work with them to transition their business away from Citi.”

In my opinion, this new policy that Citi has distributed will undoubtedly change commerce surrounding firearms even if the retailer does not use Citigroup’s services. How many smaller banking institutions will follow the lead of the Keep in mind that Citi is regulating entirely legal products for a political end goal of forcing the firearms industry to adopt gun control measures that have been voted on by no one, bypassing all public comment.

Does Citi have the right to regulate their services? Sure. Being a private company they have the right to do business where they like and turn away retailers that they do …Read the Rest

Source:: AmmoLand