New York, NY – After years of controversy and mounting political pressure, Citigroup has officially reversed its 2018 policy that restricted banking services to firearm-related businesses. The decision comes in response to regulatory developments, executive orders, and a renewed push from the Trump administration to ensure fair access to banking for all Americans—including those in the firearms industry.
In a statement released Tuesday, Citigroup announced it would “no longer have a specific policy as it relates to firearms” and would update its Code of Conduct and Global Financial Access Policy to affirm that the bank does not discriminate on the basis of political affiliation.
Background: A Long History of Discrimination
The now-abandoned policy dates back to the aftermath of the tragic Parkland school shooting in 2018, when Citi took a public stance against gun sales by refusing services to clients who:
Sold firearms to adults under 21. (perfectly legal).
Sold “high-capacity” magazines (what most gun owners call standard magazines).
Sold bump stocks.
Didn’t conduct background checks—despite the fact that federal law already requires this.
Click the link to read the whole article: Citigroup Drops Anti-Gun Policy
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