Boycott citibank and bank of america

hso said:

https://www.thehighroad.org/index.p...asis-on-work-read-this-before-posting.270671/

Instead of throwing stones lets get some contributions on how to improve on the sliver of an idea presented by the OP? Just closing your bank or card account doesn't go far enough by itself. How do you make them understand why? Where do you go with those accounts that doesn't currently undermine gunowners, FFLs, and manufacturers? How do you get more people to move their money there? What can we get our state banking officials doing in response to these bank's actions? What do we get our federal elected officials to do?

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I believe some banks are federally regulated while others are state-regulated. Probably Citi and B of A are both federally regulated. But on what basis would you have government act? To force them to do business with firearms companies? I don't think they have the authority -- the regulators' function is to make sure the banks stay solvent.

Here's what I think a boycott looks like:
-> move all deposits to other banks, this is simple for any that are not locked in with a penalty
-> people with a loan from one of them are not going to want to incur the cost of moving their loan to a different bank, especially not to one where there is no guarantee they won't also embrace an anti-firearms policy
-> credit card, if you want to keep your credit card with one of these, just make sure you pay in full on time every month, do not pay them interest

Not clear how much the above actually hurts mega-banks like B of A or Citi. Banks mostly make money on their loans.

Publicity in firearms-friendly areas can't hurt -- gun enthusiasts probably all know about these developments, but someone who just has maybe a shotgun and one handgun might not pay attention to gun news.

The best thing would be for gun folks to band together and form a new bank whose charter promises never to do stuff like B of A and Citi are doing...it would be nice to imagine taking enough business away from them so that they hurt but even if not, as long as firearms-related businesses can still get banked we have accomplished the part we actually need.

If you boycott a "mom & pop" type shop you can put them out of business and put out of work someone's friends and family who do not share the owner's politics. Job well done?
Boycotting banks or large corporations does nothing. You feel good, but they don't care. At all.
B of A has always been way left. Not news.
Citi also liberal. They are also the card of choice for Costco. Another place not to shop?

25-5 said:

If you boycott a "mom & pop" type shop you can put them out of business and put out of work someone's friends and family who do not share the owner's politics. Job well done?
Boycotting banks or large corporations does nothing. You feel good, but they don't care. At all.
B of A has always been way left. Not news.
Citi also liberal. They are also the card of choice for Costco. Another place not to shop?

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Costco AFAIK has not made any anti-2A statements. And they sell gun safes. I'm sure the reason they made the deal with Citi is that's who offered them the best terms. Previously they were with AmEx, and the word at the time of the change was that Citi gave them a better deal. So other cards were probably also competing, Citi was hungrier and offered more.

BTW, boycotts of large companies also have an effect, look what happened to Target after they instituted the "use any bathroom or dressing room you want" policy.

Other companies that have exclusive agreements with other companies, although not anti 2a can be considered targets as well. I stopped using my Bank Of America cards that I used for travel. I will close them very shortly.

dh1633pm said:

Other companies that have exclusive agreements with other companies, although not anti 2a can be considered targets as well. I stopped using my Bank Of America cards that I used for travel. I will close them very shortly.

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I have to say, unless Costco themselves come out with something anti-2A, I don't think it's fair or right to boycott them for having the Citi deal -- the deal was made months ago before Citi instituted their new anti policy, and Costco can't just change cards overnight, it took months for them to make the switch from AmEx.

Anybody know which Firearm company's BofA or Citi has done or is doing business with? Maybe they're just jumping on the 'me too' bandwagon.

My Bass Pro Rewards card is issued by Bank of America . I am going to call or email Bass Pro and Bank of America and let them know why I am closing my account with them and cutting up my credit card .

In Illinois all loans on titled vehicles are simple interest loans with no prepayment penalty, or so I have been told.

So if you have a car loan with BA, you can probably get it refinanced by your local credit union. many times at a lower rate. I am planning to do so and will let BA know why.

It won't break them, but at least I won't be directly supporting someone who stabbed me in the back.

ilbob said:

In Illinois all loans on titled vehicles are simple interest loans with no prepayment penalty, or so I have been told.

So if you have a car loan with BA, you can probably get it refinanced by your local credit union. many times at a lower rate. I am planning to do so and will let BA know why.

It won't break them, but at least I won't be directly supporting someone who stabbed me in the back.

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Good job.

Bank of America has backtracked, by lending money to Remington to help it get out of bankruptcy.

AlexanderA said:

Bank of America has backtracked, by lending money to Remington to help it get out of bankruptcy.

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Not exactly. They committed to the loan prior to announcing their new policy. The time difference was only a few days, maybe they did that on purpose, but whatever, they did NOT lend the money after announcing the policy. See https://www.foxbusiness.com/markets...rifle-maker-despite-pledge-to-end-gun-support .

thegunenthusiast said:

That is the meanest thing they could do. They wasted Remington's time and effort on going for their loan, and then refused to give the loan. Time went by, the deadline is closer, and you have to start from scratch. Sound to me like purposeful calculated evil doing.

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I think I may not have expressed myself clearly. They DID make the loan, however it was agreed to BEFORE they announced their new policy. So they are having their cake and eating it, the excuse being that they couldn't back out after having already committed.