Chase Manhattan suddenly changes their tune while trying to save face.

[jsalcedo]

Chase Manhattan had a policy of denying bank services and closing accounts of licensed gunshops and gunsmiths stating a
non-violence policy and avoiding questionable types of businesses.



Chase Manhattan bank has responded to NRA regarding the denial of credit service to a gun shop owner in Indiana with the following statement:

All of our decisions are based on Chase's policies, including our credit policies and applicable legal requirements. We do not believe that it is appropriate to deny credit to properly licensed companies that otherwise qualify for credit. We are currently working to incorporate that clarification into our policies. In short, Chase Manhattan Bank does not have a policy that prohibits us from offering our products and services to federally licensed firearms dealers.
A company spokesman told NRA that they have contacted Mr. Whinery and resolved the issue to his satisfaction. Chase has also informed NRA that they are reviewing the process that led to the letter of denial that was sent to Mr. Whinery to ensure that such misunderstandings do not happen in the future.

NRA is pleased that Chase Manhattan has acted so quickly to rectify this situation.

 

[Bartholomew Roberts]

I'm betting that was less the policy of Chase Manhattan than the policy of some mid-level bureaucrat who wanted to make their personal prejudices law.

 

[MMcCall]

I'm betting that was less the policy of Chase Manhattan than the policy of some mid-level bureaucrat who wanted to make their personal prejudices law.

It usually is, in these cases.. I'm sure Chase's Board has better things to do than sit around and worry about what segment of their customer base they can screw this week. They're in the business to make money, bottom line, and gun money is just as green as everyone else's.

 

[Standing Wolf]

In short, Chase Manhattan Bank does not have a policy that prohibits us from offering our products and services to federally licensed firearms dealers.

Lots of us don't do business with anti-Second Amendment bigots.

 

[papercut]

Kinda reminds me of the Citibank incident a couple of years ago....