Citi sets restrictions on gun sales by retail clients

[DonViejo]

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 bank’s 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]

1. So how long until gun nuts burn their Citibank cards? Any takers?

[bitterross]

9. 3...2...1! Bingo!

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]

2. Good for Them! Now Let's See Retail Liability Insurers Step Up

[Hoyt]

3. Get prepared, white wing gun-enthusiasts are sure to whine. Does Fox or NRA offer a credit card?

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]

5. NRA credit cards are issued by First National Bank of Omaha.

They bailed a month ago.

https://www.washingtonpost.com/national/first-national-bank-to-halt-production-of-nra-credit-card/2018/02/22/a16a72c4-1815-11e8-930c-45838ad0d77a_story.html?utm_term=.0176a3dbb64c

[Hoyt]

6. Excellent news. Thanks.

[bucolic_frolic]

4. Liability

no one needs or wants the liability at this moment

[47of74]

7. Awaiting the wailing and knashing of teeth by the gun reichs lobby.

[Fred Sanders]

8. Actually mostly quiet lately at DU. All the gunsplaining "logic" is falling apart.

[IronLionZion]

10. Responsible gun owners should support sensible gun laws

since they would easily pass whatever hurdles would be put in place to block out the dangerous ones.