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PAYBACK Time? Politically Motivated Banking Decisions Have Consequences

The Biden administration was possibly the most anti-2A, the most hostile to legal gun owners administration in U.S. history.

If they thought that they had even the smallest possibility of being able to hobble your Second Amendment rights, they wasted no time in doing so.

One of the many ways that they tried to do that was by freezing a regulation that the Office of the Comptroller of the Currency in the federal government wanted which would prevent politically motivated business decisions by banks to the detriment of legal companies.

You know, like gun manufacturers and gun stores.

I talked about this a few years ago if you need a quick refresher.

Fortunately, though, the current administration isn’t actively looking for ways to steal your rights from you. In fact, they’re looking into taking action on the Biden administration’s freezing of that policy. Saeed Azhar, Nupur Anand and Chris Prentice with Reuters write,

Big U.S. lenders are bracing for further public scrutiny over whether they improperly closed customer accounts as a top watchdog wraps up a review that is expected to name and shame banks and result ​in disciplinary action, said several people with knowledge of the matter.

The Office of the Comptroller of the Currency is poised to publish in coming weeks the findings of a supervisory review of ‌whether lenders including JPMorgan and Bank of America cut off or denied services on religious or political grounds, often dubbed debanking. It has also examined whether lenders denied services to legitimate, conservative-aligned sectors such as fossil-fuel companies, gun makers and crypto, the people said.

I have to say that I’m glad to see this.

The Biden administration had no business and no legal right to try to shadow ban gun sales by making it especially hard for gun manufacturers and gun dealers to do legal business.

And, remember, we’re not talking about making it easy to sell guns on the black market to criminals. We’re talking about selling guns to the safest people in the country to have firearms: legal gun owners.

It’s time that corporations know that they aren’t immune to the affects of trying to steal our gun rights. We value those rights, and those banks should, too.

After all, it’s always a good guy or gal with a gun (law enforcement or civilian) who saves the day in an active shooting incident. Everyone should want more people like that around them.