Lenders against big bad gun sales

Burned2manybridgesB4 · ‎10-11-2016

Went shopping this past week, and picked up $1600+/- worth of toys.

While talking to the shop owner, he commented about how a good chunk of first time buyers were getting denied left, and right by *to be unnamed lenders (CCs)* because it shows as a firearm transaction, with the company name broadcasting "ARMAMENTS" plain as day.

At least Amex isn't anti-gun, and CSP didn't mind range time either.

Anonymous · ‎10-12-2016

Very interesting ,,, thanks for the heads up!

pipeguy · ‎10-12-2016

DOJ's Operation Choke Point

https://en.wikipedia.org/wiki/Operation_Choke_Point

Tobacco, Guns, anything that isn't "PC" - it's a political issues of the current administration, but I'll leave it at that.

Anonymous · ‎10-12-2016

I'd love to know which CC companies won't process firearm purchases so I could get rid of their cards if I have any.

Anonymous · ‎10-12-2016

@Anonymous wrote:
I'd love to know which CC companies won't process firearm purchases so I could get rid of their cards if I have any.

+infinity

Edit: A quick spot check shows complaints filed with the CFPB against WF, JPM, BoA, and Citi so far. Most of those are from business owners.

pipeguy · ‎10-12-2016

If you google Operation Choke Point you'll see its smaller banks (Peoples Trust, etc) and credit card processors such as authorize.net. The only larger bank I saw mentioned as TD Bank.

Operation Choke Point has been getting some Congressional pushback - supposed to be winding down, but it's not been "outlawed-repealed" as of yet and is still affecting targeted business, especially legal Gun and Tobacco retailers.

I'm staying away from the politics, but that is what's really driving the program more than anything else.

Anonymous · ‎10-13-2016

No issues for me using Cap One.

Burned2manybridgesB4 · ‎10-13-2016

Think I'm just going to start calling the Delta Plat the "gun card," lol....

Just went and picked up some American Eagle Soviet 7.62x39 brass, and a tub of Winchester 165g 40's......I love's me some Amex.

Anonymous · ‎10-17-2016

@Burned2manybridgesB4 wrote:
Think I'm just going to start calling the Delta Plat the "gun card," lol....

Just went and picked up some American Eagle Soviet 7.62x39 brass, and a tub of Winchester 165g 40's......I love's me some Amex.

Buy all you can while the prices are still friendly. (Mod Cut-Stop with the political talk its not allowed in any forum of myFico)

Burned2manybridgesB4 · ‎10-20-2016

@Anonymous wrote:
@Burned2manybridgesB4 wrote:
Think I'm just going to start calling the Delta Plat the "gun card," lol....

Just went and picked up some American Eagle Soviet 7.62x39 brass, and a tub of Winchester 165g 40's......I love's me some Amex.
Buy all you can while the prices are still friendly.