In Voicemail, Bank Says It No Longer Lends to Firearms Dealers
Two gun sellers who were recently denied banking services due to their line of business say banks are discriminating against their industry
By Heritage Foundation Kelsey Harkness—— Bio and Archives--April 4, 2016
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The stories of two businessmen who recently were denied banking services because they sell firearms suggest a secretive government program called Operation Choke Point still affects industries across the nation that the Obama administration considered undesirable.
In one case, a large bank in New England denied a line of credit to a former police officer who started a gun and tactical business in Monroe, Conn., saying it “no longer lends to firearms dealers.”
In the other case, a branch of a North Carolina bank refused to set up a new payment service for a firearms seller in Tryon, N.C., because of the nature of his industry, the business owner said.
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