Friday, April 13, 2018

Bank of America Is Cutting Off Loans to Manufacturers of "Military-Style" Firearms

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A Vice Chairman of the second largest U.S. bank told Bloomberg Television about the move in an interview on Tuesday.

When asked about Bank of America’s stance on firearms Ann Finucane said, "We want to contribute in any way we can to reduce these mass shootings." Back in February, BoA announced it would speak with firearms manufacturers, “to examine what [it] can do to help end the tragedy of mass shootings.” Bank of America isn’t the only financial institution taking a stance on firearms. Citigroup has asked its retail clients to not sell firearms to anyone under 21 or sell bump stocks or high-capacity magazines. What do you think about all of this? Sound off in the comments!