Citibank decides to infringe on business owners

Posted by $ blarman 7 years, 1 month ago to Business
31 comments | Share | Flag

Citigroup has the right to choose with whom they do business, but they have no business trying to tell their customers how to run those businesses. This one has lawsuit written all over it.

I simply refuse to do business with Citi. At all.


All Comments


Previous comments...   You are currently on page 2.
  • Posted by freedomforall 7 years, 1 month ago in reply to this comment.
    Just bankrupt the looting scum at Citibank who survived on the tax dollars of their customers after gambling away unethical fortunes made by creating credit from nothing.
    Evil incarnate scum.
    Take your retail businesses to local banks, and transfer most funds to the Bank of North Dakota.
    Reply | Permalink  
  • Posted by Solver 7 years, 1 month ago
    Since the original link is now wrong, Here are some others regarding this topic:

    http://freebeacon.com/issues/citibank...

    And this,

    http://thehill.com/policy/finance/379...

    “Citibank announced on Thursday that it would no longer do business with anyone who sells guns to any person under 21-years-old as well as anyone who sells so-called high capacity magazines.

    The bank, which nearly failed in 2008 but was saved by a massive taxpayer-funded bailout and now boasts a market capitalization of over $180 billion, said it wants to prevent guns from getting into the hands of the wrong people. It said it would be implementing a new policy directed at all the businesses with which it deals.

    "So [sic] our new policy centers around current firearms sales best practices that will guide those we do business with as a firm," a post on the company's website said.

    The new policy would require that any company using Citibank financial services "restrict the sale of firearms for individuals under 21 years of age" and stop selling "bump stocks or high-capacity magazines." The company did not specify what they believe constitutes a "high-capacity" magazine and did not immediately respond to multiple requests for clarification. Citibank did not answer whether it feared the blanket age requirement might lead to discrimination lawsuits like those Walmart and Dick's Sporting Goods are facing after implementing similar corporate policies...
    Reply | Permalink  
  • Posted by $ 7 years, 1 month ago in reply to this comment.
    That's interesting. The article has been taken down and not even Google is registering it. And they want to talk about fake Trump+Russia collusion!

    The article was basically about how Citibank is going to start trying to tell its business partners - basically anyone who has a Citibank business account - that they can't sell firearms to anyone under 21, can't sell bump stocks or so-called "high-capacity" magazines, and that they can only sell to someone who has passed a background check.

    Here's an alternative link: https://www.usatoday.com/story/money/...

    I can only wonder if within hours of posting the article, Citi started taking heat and is now trying to downplay things so they asked their media sponsors to cooperate.
    Reply | Permalink  
  • Posted by freedomforall 7 years, 1 month ago
    Cannot see what article you mean, blarman. How about posting the text here?
    Reply | Permalink  

  • Comment hidden. Undo