Citibank Continues to Deny Credit to Firearms Industry

Once again Citibank has drawn the ire of the firearms community over its credit policies. This time it deals with not extending lines of credit to businesses even remotely related to the firearms industry.  As many people remember back in January 2008, NSSF took Citi Merchant Services to task over its decision to stop processing credit card transactions involving the lawful sale of firearms by law-abiding, federally licensed, firearm distributors/retailers.  Unfortunately, it became evident that the decision was not a mistake of a single employee, but was rather a corporate-wide policy. Fast forward to October 2010 when the Warne Scope Mounts Company of Oregon, manufacturers of scopes and components, decided to submit an application for a business line of credit to purchase materials from the Home Depot

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Citibank Continues to Deny Credit to Firearms Industry