Banned from financial services that are essential to running a business, firearms sellers attending the world’s largest gun exhibition last week in Las Vegas spoke out against the government’s controversial program known as Operation Choke Point.
“We continue to hear from dealers and others in our industry that suddenly, out of the blue, they have been cut off by financial services or credit card processors or banks,” said Larry Keane, Senior Vice President of the National Shooting Sports Foundation.
We continue to hear from dealers and others in our industry that suddenly, out of the blue, they have been cut off by financial services.
The National Shooting Sports Foundation, which exists to protect and preserve hunting and the shooting sports industry, is conducting a phone survey of over 7,000 of its members to determine the extent to which Operation Choke Point is affecting their industry. He said:
“This is a direct result of the Department of Justice initiative, through the [Federal Depositors Insurance Corporation], to pressure financial institutions to stop doing business with legitimate law-abiding federally-licensed firearms dealers.”
As The Daily Signal previously reported, gun sellers allege that they are being explicitly prohibited from using payment systems such as PayPal and Square to process credit card transactions.
By Kelsey Harkness – The Daily Signal –