I was reading online - either via Soldier Systems Daily - or another pro 2a news outlet about how well established gun companies have been having a difficult time getting funding from banks.  Just to summarize what Choke Point allows a bank or credit union to do is turn down a business's request for a loan, line of credit to expand, etc. based on the business's perceived "risk".  This perceived risk is not anything quantifiable, it is merely based on the bank's perception of the business you're in - if they don't like it, too bad.



http://www.washingtonpost.com/news/volokh-conspiracy/wp/2014/05/24/operation-choke-point/

http://www.bizjournals.com/pacific/news/news-wire/2014/05/27/is-the-government-choking-off-financial-services.html?ana=e_du_pub&s=article_du&ed=2014-05-27&u=upETdQKos7yRUGN90uuoUQ07c447a3&t=1401239536&page=all

Government has their Priority's all screwed up. Banks allowed to  provide financial services to marijuana-related businesses. 

"The guidance is the latest example of the Obama administration's willingness to tolerate state experiments with marijuana legalization. It comes after Deputy Attorney General James Cole said last summer that federal law enforcement wouldn't seek to prosecute marijuana businesses that comply with state law."

http://online.wsj.com/news/articles/SB10001424052702304434104579383150782034282

Yup I know a bunch of companies that got victimized by this bullshit. 

I don't care if they have some law or policy that tries to make bad lending practices legitimate, this is still discrimination. 

Imagine the same rules applying to other "risky" ventures, like gay nightclubs and bath houses.  Or charities that treat the mentally ill.

That's what insurance is for.  If the shops have enough insurance to protect themselves and the bank from loss, then the banks have no legitimate reason to label the borrowers as high risk.

I don't care if they have some law or policy that tries to make bad lending practices legitimate, this is still discrimination. 

Imagine the same rules applying to other "risky" ventures, like gay nightclubs and bath houses.  Or charities that treat the mentally ill.

That's what insurance is for.  If the shops have enough insurance to protect themselves and the bank from loss, then the banks have no legitimate reason to label the borrowers as high risk.

High Risk ?
https://2ahawaii.com/index.php?topic=15031.0

I see people using the Square credit card reader all the time, But no more at the Gun shows.

http://dailysignal.com/2014/09/25/gun-shop-owners-longer-hip-square/

I see people using the Square credit card reader all the time, But no more at the Gun shows.

http://dailysignal.com/2014/09/25/gun-shop-owners-longer-hip-square/

Imagine when they ban the use of hard cash.  You wouldn't be able to buy any firearms or ammunition!

I am just guessing but I get the feeling that the Obama admin is using their personal strong arms (AKA the IRS) to make veiled threats to lenders.  "If you lend money to gun manufacturers, retailers, etc we will be going through your documentation with great scrutiny.  You will also be mysteriously denied tax breaks that you are legally allowed to claim.  You may be getting audited more often as well.  We can't tell you don't do business with the firearms industry but.....we will make your lives a living hell if you choose to do so.  Up to you.  What are you going to do?  We are the IRS and we are above the law because Obama got our backs."  That's just my imagination running wild but not too far a stretch after what they did to conservative groups.

I am just guessing but I get the feeling that the Obama admin is using their personal strong arms (AKA the IRS) to make veiled threats to lenders.

Do not think it is a guess.

Sure, other outfits are included, completes the smokescreen of "risky" for political cover.

Never forgive or forget those that voted for this tyrant.

Update from the NSSF....http://www.nssfblog.com/fdic-reverses-course-on-operation-choke-point/