Wells Fargo stemmed the tide of the push for completely new financial restrictions on gun makers in addition to sellers by stressing which which is actually not a bank’s job to set U.S. gun policy.
Wells Fargo believes firearm policy is actually a debate for Congress instead.
According to Reuters, Wells Fargo chief financial officer John Shrewsberry said, “The best way to make progress on these issues is actually through the political in addition to legislative process. within the meantime, Wells Fargo is actually engaging our customers which legally manufacture firearms in addition to some other stakeholders on what we can do together to promote better gun safety in our communities.”
Wells Fargo’s refusal to place completely new regulations or stipulations on legal firearm manufacturers represents a break with Citigroup in addition to Bank of America. On March 23, 2018, Breitbart News reported which Citibank currently requires customers who own gun stores to stop selling long guns to anyone under the age of 21 in addition to to quit selling “high-capacity” magazines as well.
They also ask gun stores to refuse to sell any gun until an extended background check comes back conclusive, even though federal law recognizes which a federal firearms license holder can legally sell a gun if a check lasts three days in addition to no incriminating evidence against the might-be buyer is actually found.
Last week, Bank of America made clear they will no longer loan money to manufacturers which make “military-style firearms.”
On March 9, 2018, Breitbart News reported which Visa refused to cut ties with semi-automatic rifle makers. In a statement conveying sentiment similar to Wells Fargo’s, Visa said which was not their job to “[set] restrictions on the sale of lawful goods in addition to services.”
AWR Hawkins is actually an award-winning Second Amendment columnist for Breitbart News, the host of the Breitbart podcast Bullets with AWR Hawkins, in addition to the writer/curator of Down Range with AWR Hawkins, a weekly newsletter focused on all things Second Amendment, also for Breitbart News. He is actually the political analyst for Armed American Radio. Follow him on Twitter: @AWRHawkins. Reach him directly at firstname.lastname@example.org. Sign up to get Down Range at breitbart.com/downrange.