Rule to ensure banks cannot deny services on 2A grounds

[hso]

While there are threads discussing the effort to stop financial institutions from engaging in Anti 2A practices cutting or denying services to legitimate and legal businesses and organizations, this will help us make our voice heard.

https://beta.regulations.gov/commenton/OCC-2020-0042-0001

Here's some language that is concise and to the point without getting preachy.
Example comment - Financial institutions should be prohibited from engaging in practices that deny anyone a constitutionally guaranteed right. This includes the rights guaranteed under the Second Amendment.

The Office of the Comptroller of the Currency (OCC) is currently accepting public comment on a proposed rule that would take politics and ideology out of banking (deadline is Jan. 4). Big banks have recently caved to pressure by anti-gun activists, refusing to do business with gun manufacturers, salesman and gun shops (along with other legal industries such as fossil fuels). This rule will ensure banks cannot arbitrarily deny their services based solely on ideological grounds.

If you wish to support this rule and ensure the industry and small gun shop owners are treated fairly, you can submit a comment to the OCC docket in support of its proposed rule. Link to submit a comment: Fair Access to Financial Services https://beta.regulations.gov/commenton/OCC-2020-0042-0001


More information on the rule below.

Link to text of rule: https://www.occ.gov/news-issuances/federal-register/2020/nr-occ-2020-156a.pdf

Article on the proposed rule: https://www.wsj.com/articles/banks-...ire-industries-under-occ-proposal-11605902412

WSJ editorial supporting the rule: https://www.wsj.com/articles/trumps-fair-banking-rule-11606778173

WSJ joint op-ed by OCC Chair and Economist on the proposed rule: https://www.wsj.com/articles/payday...nd-taking-politics-out-of-banking-11605904346

 

[JTHunter]

Does that include states that have "mandated" certain GFZs such as hospitals, banks, or other private businesses that put up state law compliant signs?

 

[hso]

Does that include states that have "mandated" certain GFZs

No, this is about an effort to stop financial institutions from dropping services of 2A organizations or businesses. It can't speak to your concern.

 

[Rule3]

The link is no more. I believe the comment time period has expired?

 

[hso]

Yep

https://www.ammoland.com/2021/01/ns...mail&utm_term=0_6f6fac3eaa-e7ebf589e7-7170233

The NSSF, the firearm industry’s trade association, applauded the finalization of the Office of the Comptroller of the Currency’s (OCC) rule to end discrimination by financial service providers against the firearm industry and others. NSSF worked closely with the OCC, members of the U.S. House of Representatives and the U.S. Senate to ensure banking and credit decisions are based on creditworthiness and financial risk assessment for all legal businesses.

“NSSF has championed fair access to financial services for the firearm and ammunition industry and is pleased to witness the end of unfair and politically-motivated discriminatory practices by banking institutions that have a legal duty to serve all legal businesses,” said Lawrence Keane, NSSF Senior Vice President and General Counsel. “This rule will ensure large financial institutions that are supported by taxpayer-funded resources like insurances must provide fair and equal access to services based on their objective financial creditworthiness, and not based on ‘woke’ political considerations.”