Citigroup announces the reversal of its seven-year-old policy that restricted banking services for retailers selling firearms to buyers under 21 and those failing background checks, a decision made shortly after the 2018 Parkland school shooting. The bank, praised by gun safety advocates at the time of its policy adoption, is now facing criticism for capitulating to pressure from the Trump administration and conservative groups who view such policies as discriminatory against law-abiding gun owners.
The policy change is regarded as a significant shift in the ongoing debate over gun control and corporate responsibility, with Citigroup’s decision noted to coincide with executive orders aimed at ensuring fair access to banking. As gun violence prevention advocates express concern that the reversal undermines safety measures, a Parkland survivor condemned the bank’s choice, emphasizing the perceived prioritization of politics over child safety.
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