Big banks take a stand against the gun industry

It’s too early to say for sure, but it could be that the free market will wind up doing what Congress refuses to do: tighten access to firearms and stand up to companies that make and sell assault-style weapons. Bank of America announced last week that it will no longer finance companies that make the kinds of combat-style semiautomatic rifles that have been used to such deadly effect in mass shootings. Last month, Citigroup Inc. announced that it would prohibit clients using its financial services and credit cards from selling firearms to customers who have not passed a background check, or who are younger than 21, even when neither of those things are required by law. It also now refuses to do business with clients who sell bump stocks — the device the Las Vegas sniper used to convert his semiautomatic rifles into ersatz machine guns — and high-capacity […]

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