Posted April 1, 2019 4:00 pm by Comments

By Tom Knighton

AP Photo/Julie Jacobson

For the last year, we’ve had story after story of gun companies running into problems. Time after time, their banks are turning their backs on customers, often long-time customers, as the two industries seem to be engaged in a constant struggle.

Part of that struggle comes from New York Governor Andrew Cuomo, a man who has been abusing his power as governor of the state where most banks are headquartered, to pressure banks into issuing new requirements that cut to the heart of the firearm industry.

Now, the Senate appears to be stepping in, and they’re not big fans of what the banking industry is pulling.

The chairman of the Senate Banking Committee warned the banking industry on Thursday that it should not attempt to restrict legal gun sales by denying financial services to members of the gun industry.

Sen. Mike Crapo (R., Idaho) sent a letter to eight of the country’s biggest banks detailing his concerns with the way some of them had begun rejecting business from certain gun companies. In the last year, several of them have attempted to restrict what kinds of guns can be sold to the public and who they can …Read the Rest

Source:: Bearing Arms

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