U.S. Sen. Mike Crapo (R-Idaho), chairman of the Senate Banking Committee took to task two major banks for recent policy changes eliminating financial services to firearms manufacturers that produce AR-15s. Crapo sent letters to both Bank of America and Citibank, questioning their use of market power to withhold credit to customers and companies they disfavor, especially after receiving significant forms of government support and benefits. Crapo also questioned the banks’ collection of personally-identifiable information and how that might be used to enforce their new policies.
Gun Business Bias Arises in Congressional Hearing
During a U.S. House of Representatives Judiciary Committee hearing entitled, “Filtering Practices of Social Media Practices,” Rep. Andy Biggs (R-Ariz.) referred to the case of Facebook denying a firearms retailer from advertising U.S. flags for sale as “conservative bias.” Congressman Biggs explained the case (Watch 1:43:40 - 1:44:43) of the Keffer family, owners of The Sportsman’s Shop in Pennsylvania, who discovered that Facebook ads for American flags were removed. They were told by Facebook representatives that anything linking sales to firearms was forbidden. Shortly later, they discovered all their Facebook advertising had been removed.