Short version - Citibank had a policy of not allowing companies that dealt with firearms as customers awhile back. It got the attention of the firearms community. There were treats of boycotts and legal action. Citibank rescinded their official policy. I don't know if there's been a problem with them recently, but with WalMart openly announcing that they will increase firearms sales space Citi would be in a very poor position to start using firearms as an reason to deny firearms business owners an account.
April 30, 2011, 01:26 PM
If you're an account holder with Citi it is always good to ask for their official policy in writing on whether they accept accounts from firearms related businesses and put them on notice that should they put a policy in place prohibiting firearms related businesses as a class that you would be compelled to move any and all accounts from their system entirely.
It helps keep them honest to know we're watching.;)
May 1, 2011, 03:04 AM
Tom Gresham had a story a few months ago about a guy who went to Home Depot to buy some construction material for his gun-parts related business, and his credit application was rejected. They told him it was because they won't finance any gun-related business. He followed it up the management chain, and found out it wasn't a Home Depot policy, it was a Citibank policy, the actual bank that lends the money. He went public with this, and got Citi to make some public apologies and changes.
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