After what I just read on Citi Banks blog I'm glad I don't use them and won't
I'm sorry but telling your clients how they can and cannot sell firearms is ridiculous.
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@QuixoticSoul I don't think regulations will help much.
katielass · F
I think the gun dealers should sue. They are operating a legitimate and legal business. If banks are in the business of taking deposits and honouring checks drawn on accounts with money in their institution then they have a legal obligation to take deposits from ALL legitimate and legal businesses. Think of those businesses that are in the business of baking cakes. They have to bake cakes for ALL people, not just the people they like or approve of. Decided law. I love it when the left gets in this kind of pickle.
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QuixoticSoul · 41-45, M
@katielass [quote]You are evidently not aware of the federal law that requires businesses to accept legal tender, period.[/quote]
That cannot be used to force a bank to host an account for a business, or to lend them money. Completely different scenario.
That cannot be used to force a bank to host an account for a business, or to lend them money. Completely different scenario.
katielass · F
@QuixoticSoul Didn't claim they can be forced to lend them money you idiot. We're talking about banks not being allowed legally to refuse to do the business they do with anyone because they don't like or approve of the business. It's not a difficult concept.
QuixoticSoul · 41-45, M
@katielass As usual, your command of the issue is rather thin. I repeat.
[quote][b]That cannot be used to force a bank to host an account for a business[/b], or to lend them money.[/quote]
A fundamental part of the relationship between a bank and its customer is that either may end it at any time, or even before it begins. And yes, a bank can refuse to do business with an entity on any grounds - aside from narrowly defined protected classes like race, etc.
The legal tender clause makes it so that once a relationship is established, the bank has to allow you to pay for its services in dollars, if you so wish.
[quote][b]That cannot be used to force a bank to host an account for a business[/b], or to lend them money.[/quote]
A fundamental part of the relationship between a bank and its customer is that either may end it at any time, or even before it begins. And yes, a bank can refuse to do business with an entity on any grounds - aside from narrowly defined protected classes like race, etc.
The legal tender clause makes it so that once a relationship is established, the bank has to allow you to pay for its services in dollars, if you so wish.
Backwoodsman2 · 70-79, M
Pherick · 41-45, M
I find it very interesting. The government won't/can't take action and yet the corporations are stepping up to try and make changes for the better.