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Regs Ensuring Fair Banking Access to Gun Industry Iced :: Guns.com


Regs Ensuring Fair Banking Access for Gun Industry Iced
A federal banking regulator has now pumped the brakes on a planned rule that would have ended discrimination against firearm-related companies seeking financial services. 
The Office of the Comptroller of the Currency, an independent bureau of the U.S. Treasury Department, last year had proposed a regulation to ensure that banks and savings associations offer and provide fair access to services. The change came after some banks had reportedly denied financial services to specific industries following calls for boycotts. The OCC specifically mentioned in their reasoning behind the regulation that Makers of shotguns and hunting rifles have reportedly been debanked in recent years.   ....

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