Before he left office, President Trump had the Office of the Comptroller of the Currency adopt a new rule preventing discrimination by the banking industry in lending practices or the provision of other services like credit card processing. One of the first things President Bidenharris did after inauguration was to “pause” the new rule. Apparently … Read more
One of the last things the Trump administration did before leaving town was to have the Office of the Comptroller of the Currency adopt a new rule preventing discrimination by the banking industry in lending practices or the provision of other services like credit card processing. The rule was based on the crazy idea that … Read more
This story comes rather unsurprisingly from California. A bookstore by the name of Columbia Booksellers and Variety Store was forced to close both their brick-and-mortar location and their online store thanks to the tech company Square, Inc. suddenly terminating Columbia’s use of their payment processing services. The Modesto Bee reports: “This came out of the … Read more
The ATF’s allegedly objective factors regarding pistol stabilizing braces isn’t the only government proposal that’s worthy of your attention. On the other side of the ledger, the Office of the Comptroller of the Currency is trying to stop the years-long trend of financial institutions — READ: too-big-to-fail banks and card processors — discriminating against firearm-related … Read more
By Larry Keane Any other year, taking money from an industry that’s conducting barred activity would be called corruption. Not in election years, though, and not when it comes to banks and guns. Congressional Democrats are holding a fundraiser Aug. 24 for Democratic nominee Joe Biden that’s headlined, “Virtual Conversation on the Future of Antitrust,” … Read more
By Larry Keane U.S. Senators are warning big banks not to use the recent pandemic recovery funds as a bludgeon against industries they find out of fashion. In other words, don’t use taxpayer funds as a weapon to score political points at the next corporate cocktail party. U.S. Sen. Kevin Cramer (R-N.D.), along with 18 … Read more
The quote of the day is presented by Guns.com. Virginia politicians are feeling their anti-gun oats. After using Bloombucks to flip the state legislature from red to blue, they’ve wasted no time in introducing gun control bills in Richmond on Monday. And in the US House, a Virginia Congresswoman has filed legislation that would require credit … Read more
Press release from Spike’s Tactical: APOPKA, Fla. – Representatives from Fifth Third Bank visited Spike’s Tactical, a Florida-based firearm manufacturer, last Tuesday to inform them that the bank was discreetly planning to exit the banking sector for gun-related businesses. According to Spike’s Tactical co-owner Angela Register, the bank representative informed her and their chief financial … Read more
In the (not so) olden days, we had Operation Choke Point. That was the Obama Justice Department’s 2013 effort to squeeze firearms-related firms by threatening banks and other financial institutions that dared to do business with them. That legal and financial intimidation finally ended in 2017 with the change of administrations. Now that the federal government’s … Read more
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