RapidTransit
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We're under attack from all sides. Without a doubt, the worst we've ever seen.
In an e-mailed statement Citi said it will require those clients only sell firearms to customers who have passed a background check, restrict sales of firearms for people under 21 years of age, and not sell so-called “bump stocks” or high-capacity magazines.
Comedy Central... Sounds like either false advertising or a bait and switch scheme to me...The first one seems redundant. The rest. . . . . spot check???? I bet they checked and they have, like, 8 gun shops as customers and figured this was a good idea.
Was watching That 70's Show at noon and Comedy Central told me they are for stricter gun laws. I'm for funnier shows. Seems neither of us are getting what we want.
They could eventual say we want Level 3 Style Transactions, but at that point everyone would head for the hills I would think, I'm guessing maybe they also do store branded cards?So, regular capacity magazines are fine, just not high capacity.
Got it.
How exactly would Citi even know? Are they going to send inspectors to look at the bound books, or see what's on the shelf?
Ed Skyler said:We recognize that we don’t have all the answers and that existing technology in our industry doesn’t allow for a more targeted approach at points of sale. For that reason, we would like to convene those in the financial services industry and other stakeholders to tackle these challenges together and see what we can do. This approach has worked well in areas such as sustainability, where the Equator Principles ushered in a new era of environmentally and socially responsible financing practices. We hope to leverage collective action to encourage responsible practices by all who sell firearms. As best practices evolve, we will update our policies accordingly.
They could eventual say we want Level 3 Style Transactions, but at that point everyone would head for the hills I would think, I'm guessing maybe they also do store branded cards?
See explanation here: Level-3 Processing ExplainedWhat are "Level 3 Style Transactions"?
Can't really expect anything different from Edward Skyler, friend of Michael Bloomberg.
Here is the blog everybody references in their articles: The Citi Blog - Announcing Our U.S. Commercial Firearms Policy
Read all the way to the end:
This is the scary part. Even for people who might agree with the "gunz bad" concept, do you really want your card processor looking at each item you buy and deciding whether it meets their environmentally and socially responsible financing practices?
Why doesn’t citi stop issuing cards to all 18 year olds in case any of them wanted to buy a firearm. Let’s see how well it will work out for them
Yes, they've been doing that since at least the late 80s. My first credit card was a Citibank Visa I applied for right outside the campus cafeteria in 1988. Just about every kid I knew at college had a Citibank card. I was responsible with it, but many weren't.Well, your moral "betters" at Citi like getting young college students into debt up to their eyeballs before they even have a job, so they won't be stopping that anytime soon.