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Gun Industry Sees Banks As New Threat To 2nd Amendment


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#1 Euler

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Posted 24 June 2018 - 10:43 PM

www.lex18.com

With Gary Ramey's fledgling gun-making business taking off in retail stores, he decided to start offering one of his handguns for sale on his website.

That didn't sit well with the company he used to process payments, and they informed him they were dropping his account. Another credit card processing firm told him the same thing: They wouldn't do business with him.
...
Honor Defense is a small operation with a handful of employees that include Ramey's son and his wife who work out of a nondescript building in a Georgia office park north of Atlanta. In 2016, its first year, it sold 7,500 firearms. Its products handcrafted 9mm handguns that come in a variety of colors can now be found in more than 1,000 stores.

When Ramey noticed that neither Stripe nor Intuit would process payments through his site, he submitted a complaint with Georgia's attorney general's office, counting on help from a state law that prohibits discrimination by financial service firms against the gun industry. But the state rejected it, saying that credit card processing is not considered a financial service under state law.
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Monthly reports from the federal government show background checks to purchase a firearm are up over last year so far, so the early actions apparently have not put a dent in sales.

Still, the industry believes it needs stronger laws against financial retaliation in the future.

"We may have to seek legislation to make sure it can't be done and that you can't discriminate against individuals from lawful exercise of a constitutional right," said Larry Keane, senior vice president and legal counsel for the National Shooting Sports Foundation, which represents gun makers.
...


Edited by Euler, 24 June 2018 - 10:45 PM.


#2 solareclipse2

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Posted 25 June 2018 - 06:05 AM

This, unfortunately, is not news. However, because guns are profitable, I don't think we'll see widespread adoption of these types of problems because it would just end up costing these companies (banks and cc processors) too much money.


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#3 GeekDad

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Posted 25 June 2018 - 08:37 AM

This story is in today's Daily Herald.


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#4 Jeffrey

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Posted 25 June 2018 - 02:22 PM

This, unfortunately, is not news. However, because guns are profitable, I don't think we'll see widespread adoption of these types of problems because it would just end up costing these companies (banks and cc processors) too much money.

This move should only help the other companies that know better than to alienate potentially half of your business.  No different than the rest stop that kicked Sanders out over the weekend.  


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#5 InterestedBystander

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Posted 25 June 2018 - 02:39 PM

Started with Obamas operation choke point. Now that the gov't shut that program down, the antis have been applying similar pressure to the financial institutions.

I just responded to a Citibank survey that they should stick to financial matters and not political.

..."Operation Choke Point. Operation Choke Point was a 2013 initiative of the United States Department of Justice, which would investigate banks in the United States and the business they do with firearm dealers, payday lenders, and other companies believed to be at higher risk for fraud and money laundering."...

Edited by InterestedBystander, 25 June 2018 - 02:40 PM.

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#6 Tango7

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Posted 27 June 2018 - 11:24 AM

The unspoken issue is that these "policy decisions" were never disclosed to the customer before they entered into the agreement, but were announced after the fact and with no notice, freezing funds that had been transferred to pay for lawful commodities that were already delivered or in transit in accordance with federal and state law.

 

And they impede the free exercise of a lawful activity.

 

But it's "OMG GUNZ!!!" so that kind of behavior is perfectly fine - after all, it's only inbred racist rednecks who are too stupid to read anyway...


Edited by Tango7, 27 June 2018 - 11:27 AM.

You will not 'rise to the occasion', you will default to your level of training - plan accordingly.

Despite their rallying around us at election time, honoring only 8 hours of Illinois' 40+ hour law enforcement class towards a 16 hour requirement shows the contempt that our elected officials hold us in.

#7 borgranta

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Posted 11 July 2018 - 07:46 PM

The unspoken issue is that these "policy decisions" were never disclosed to the customer before they entered into the agreement, but were announced after the fact and with no notice, freezing funds that had been transferred to pay for lawful commodities that were already delivered or in transit in accordance with federal and state law.
 
And they impede the free exercise of a lawful activity.
 
But it's "OMG GUNZ!!!" so that kind of behavior is perfectly fine - after all, it's only inbred racist rednecks who are too stupid to read anyway...

Interfering with interstate commerce is a federal crime. Since these credit card processors countless times they then are committed countless federal felonies by interfering with interstate commerce.
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