Home Depot & Citi Bank vs the shooting industry

[chieftain]

For your consideration:

The Politics of Credit

... A letter, dated September 30, 2010, was received October 4. It confirmed that the "account was opened in error . . ." going on to say, "Our policy restricts us from lending to businesses in your industry." ...

I will not be dealing with Citibank or Home Depot anymore. They make their choices, I make mine.

Go figure.

Fred

 

[killchain]

Wow. Hope Home Depot doesn't want our military to protect their buildings if there's ever an invasion. Might go against their policy.

 

[MTMilitiaman]

Would a list of all of Citibank's affiliates be available? Who are these guys supporting?

Who are their competitors? As a red blooded American capitalist, I would like to know who I can give me meager funds to that isn't related to these hippy-spawned pinko-pacifists. Is Lowes sleeping with the enemy too?

 

[Big Bill]

Citi and HD are creeps. I will NEVER do business with any of them EVER again!

 

[cassandrasdaddy]

i just sent em an email

with my name and acct number telling em that i'm not gonna spend a dime again there or advise my clients to. in a good year i spend a bunch on cabinets kitchens and baths.used to do custom kitchens for em.

 

[Tim the student]

Link?

 

[ArmedBear]

Home Depot sells gun safes, last I checked.

This is a Citibank deal. It might be worthwhile to contact Home Depot; it is not in their interest to deny a Home Depot credit card to a medium-sized business.

 

[taliv]

My mortgage was with citi. They'll be getting a payoff from usaa my new lender and a note from me.

Not that they'll care.

If you want to start a campaign to hurt them we should petition to have them delisted since their penny stock hasn't met listing requirements in over a year

 

[MikeNice]

I bank strictly with a local credit union. I will now also do business with Lowes and True Value instead of Home Depot.

 

[Russ Jackson]

You might want to give The Home Depot a call in Atlanta where the home office is. Relax take a breath and deal with the decision makers at The Home Depot. They are an open door company. Chances are you will talk to the right person with just a few calls. I have had over 20 years dealing with them and have never found the true decision makers to make poor decisions. Go up the food chain and talk to the right person. ...Russ

 

[WardenWolf]

Sooner or later they're going to be hit with a Restraint of Trade lawsuit.

 

[DFW1911]

"Our policy restricts us from lending to businesses in your industry." ...

My policy restricts me from giving them any of my money.

Thanks for the post. I'll conduct business with other companies from now on.

Take care
DFW1911

 

[jay223]

wow

im shocked at thd !!!!!! i dont deal with citi anyways .....and now i never will !!!! the home depot thing is shocking.......im gonna make some calls and see what i can find out....if the status stays the way it is in this thread...i wont be doing business there either !!!!!

 

[heeler]

I see the op's title to the thread but I dont have a clue what exactly is being talked about here.
What's this about??
I ask because I was about to head over to Home Depot to pick something up.

 

[snubbies]

Account???

What kind of account are you referring to?? I am a dealer and hold a Citi Bank Professional Card????

 

[52grain]

There must be a bunch of background info that I missed. Is there a previous thread on this subject?

 

[Tim the student]

There must be a bunch of background info that I missed. Is there a previous thread on this subject?

There was. It got deleted. (I assume due to the new copyright concerns.) I don't feel like I recall it well enough to rehash the full thing, but I'm sure someone will be able to. I don't want to butcher it, or tell untrue things.

I wish I could see a link or 15.

ETA: To clarify, the background info was in this thread. No other threads on it that I know of.

 

[Mags]

I think from reading through this that Home Depot's only fault in all of this is that they have selected Citi Bank as the financial institution for their consumer and business credit cards.

The real problem here is Citi Bank not Home Depot.

 

[jdc1244]

Link?

Indeed.

It’s pointless to try to comment without all the facts.

Otherwise and in general – some of you need to get a grip and stop contributing to existing negative stereotypes concerning gun owners. That’s much more harmful to our cause than companies who refuse to do business with the ‘gun industry.’

 

[Bubbles]

The problem is not Citi, it is First Data, the transaction processor that handles electronic payments for Citi, BoA, Chase, PayPal, and many other banks. First Data handles 70% of the CC/DC payments in the US and for years has refused to work with companies in the firearms industry.

For more info google CDNN NSSF "First Data" and do some reading.

 

[BlkHawk73]

Yet again, people are quite content being a customer of a business until something like this then WHOA! IMO, if such political sides mean oh so much, you, the customer, would look into such policies BEFORE being a customer. After all, it's a big deal right?
I read threads about people boycotting store A and restaurant B becuase of a firearms policy and wonder how these same folks send mail... can't carry in a post office so they must be anti-gun too. Everyone's pointing a finger at CitiBank...can you freely carry a firearm into your bank? No? Best get your money out then. Do these folks work in a place they can freely carry a firearm? Hope so of they're going against their own guidelines there too.


Not sure if it's sad, funny or just plain out hypocrisy that people do this. :banghead:

 

[Jorg Nysgerrig]

Here's a link to the original article: http://www.theoutdoorwire.com/features/223490

Y'all might find this bit interesting: ""Citi does not prohibit the financing of firearms purchases by individuals nor the financing of businesses that manufacture and sell them to individuals for recreational use." It goes on to say they don't finance military suppliers. I suspect that small businesses vying for military contracts probably have a high default rate and it's a business decision.

After reading the whole article, calls to stop shopping at Home Depot seem pretty silly.

More from the NRA-ILA on this: http://www.nraila.org/legislation/read.aspx?id=6050
At this time, it does not appear that Citibank is actively denying banking services or credit in an attempt to discriminate against firearm-related businesses.

 

[Tim the student]

Thanks for that Jorg.

 

[possum]

I don't do any business with Citi Bank, i use USAA, but i wonder what Home Depot would think since i go there to get the materials to make target stands?

Home Depot sells gun safes, last I checked.

exactly.

 

[Mudinyeri]

It is quite common for issuers of credit, e.g. banks, to limit the industries with which they will do business. I work for a mid-sized, regional bank in the Midwest and we have a specific list of industries with which we will not do business. Furthermore, the OCC publishes a list of industries considered "high-risk." If you do business with industries on the list, you have to have additional due diligence in place to ensure that your bank is protected against loss and can pass an OCC exam.

As in many cases, all that facts may not be in evidence here.