Citi has decided to scrap its pro-gun-safety policy, which had been in place since 2018, in response to increasing pressure from conservative groups. According to an internal memo from the bank, this policy had previously restricted business clients from selling firearms to individuals who fail background checks or are under 21, among other stipulations.
In addition to shifting its stance on firearms, Citi will also amend its policies to explicitly prohibit discrimination based on political affiliation. These changes reflect a growing concern amid accusations from conservative factions regarding “debanking” practices against individuals with conservative views. As legislation aimed at ensuring fair access to banking services gains traction, Citi’s decision to align its policies raises significant questions about corporate accountability and the influence of political dynamics in the financial sector.
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