Is Your Bank Profiting From Gun Violence?

Is Your Bank Profiting From Gun Violence?

Gun Rights

A coalition of activists is challenging the financial industry’s ties to the gun industry. Sergii Kuchugurnyi / Shutterstock The Centers for Disease Control and Prevention released a figure in December that capped what felt like a particularly violent year: nearly 40,000 people died as a result of guns in the United States in 2017, more than any year since at least 1968. As activists look for new ways to end what’s always seemed like a intractable problem, one coalition suggests targeting some of the companies profiting off gun violence in the first place. The Is Your Bank Loaded? campaign stems from a coalition of groups, including Guns Down America, the American Federation of Teachers, and Color of Change. They’ve created a rubric to judge banks by their connections to the gun industry and its lobby, as well as the politicians that do its bidding. The report’s authors looked through media archives, campaign finance reports, and SEC filings from 2016 to 2018 to determine the connections of the top 15 consumer banks with the gun industry and its friends. They gave banks points based on a few different categories — whether or not they helped finance the gun industry, their ties to policy groups like the National Rifle Association and Gun Owners of America, and their contributions to lawmakers also backed by the NRA. The report authors also offered up points to banks that had made efforts to break ties with the gun industry. The stories you care about, right […]

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