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Monday, April 16, 2018

Wells Fargo Stems the Tide: Not a Bank's Job to Set U.S. Gun Policy

By Rick Pearcey • April 16, 2018, 08:57 AM

A.W.R. Hawkins reports at Breitbart:

Wells Fargo stemmed the tide of the push for new financial restrictions on gun makers and sellers by stressing that it is not a bank's job to set U.S. gun policy.

Wells Fargo believes firearm policy is a debate for Congress instead.

According to Reuters, Wells Fargo CEO John Shrewsberry said, "The best way to make progress on these issues is through the political and legislative process. In the meantime, Wells Fargo is engaging our customers that legally manufacture firearms and other stakeholders on what we can do together to promote better gun safety in our communities."

"Wells Fargo's refusal to place new regulations or stipulations on legal firearm manufacturers represents a break with Citigroup and Bank of America," Hawkins writes.

Read more.