Political Banking: Is Your Business Next?

posted on April 7, 2015

A late-March letter to Florida pawnshop owner Steve Champion from his bank requires him to “immediately begin closing all of [his] SunTrust deposit accounts, safe deposit boxes and credit cards.” The letter also notes the bank’s decision cannot be reversed. The shop is a federally licensed firearms dealer as well.

A spokesman for SunTrust claims that the bank has been severing relationships with pawnshops—not gun shops—since last year, in line with federal guidelines that are embodied in Operation Choke Point, a Department of Justice program aimed at ending bank fraud. Yet a SunTrust employee told Champion what he’d received was indeed a “gun letter,” adding that firearms sellers across the nation were receiving like missives.

Several other cases like this involving other banks have been reported around the country. We’ll cut to the chase: Will your politically unapproved business soon find its way on to a similar list?

Latest

48004656323 8E8f6d7fc1 K
48004656323 8E8f6d7fc1 K

Gun Controllers Line Up Behind Harris

Now that Joe Biden has bowed out of the 2024 election, gun-control groups are rapidly throwing their support behind Kamala Harris.

From the Editor | When the Media Denies Reality

This little scene witnessed in the West Wing showed a deep elitist bias that too much of the mainstream media has for our Second Amendment freedom.

Standing Guard | It Is Time For An NRA Homecoming

This organization is a family and when we get together, we win.

President’s Column | NRA’s Momentous First Amendment Victory

The NRA fought back against government overreach and we won.

SCOTUS Reins In ATF

Perhaps the greatest threat to our right to keep and bear arms at the federal level are regulations created by unelected bureaucrats in the executive branch.

What Kamala Would Do

Now that Kamala Harris has been endorsed by Joe Biden to succeed him, it’s important to look at how she’d treat our Second Amendment-protected rights.



Get the best of America's 1st Freedom delivered to your inbox.