TexasCHLforum.com

BofA Freezes Licensed Gun Manufacturer’s Deposits “We Believe You Should Not Be Selling Guns On The Internet”
On January 4, 2013,
Masked adult language warning
http://www.ironicsurrealism.com/2013/01 ... -internet/" onclick="window.open(this.href);return false;

On December 29, the owner of American Spirit Arms; Joe Sirochman relayed this chilling news via Facebook:

Manufacturers back logged for months , large revenue all generated in the last two weeks …. American Spirit Arms is no exception to the overwhelming demand . What we have experienced is that our web site orders have jumped 500 % causing our web site E commerce processing larger Deposits to BANK OF AMERICA ..Well, this through up a huge RED Flag with Bank of America .

Bank deposits were on hold for FURTHER REVIEW …

HER EXACT WORDS WERE …
..” WE BELIEVE YOU SHOULD NOT BE SELLING GUNS and PARTS ON THE INTERNET “

Who says banks get a say in the customers' business?

(Seriously... Are they allowed to do this?)

one place comes to mind. paypal they pulled the same type of stuff
yet one more reason to hate b of a

The credit card we use most often is a BofA. Looks like its time to do a balance transfer and cancel a card! And I'll be sure to tell them why.

Anybody dumb enough to patronize Bank of America is asking for this kind of nonsense.

Unless you have a need to occasionally borrow $500 million or something, why would anyone keep a dime at B of A, Chase, Wells Fargo or any of the other too-big-to-fail outfits. There can't be any disadvantage to using smaller local or community banks or credit unions for all but the really huge business operations.

cheezit wrote:one place comes to mind. paypal they pulled the same type of stuff
yet one more reason to hate b of a

They're not a bank, though.

I wonder if they tell the drug dealers and pimps the same thing?

Anygunanywhere

I would be suing for damages and interest.

Jim Beaux wrote:I would be suing for damages and interest.

THIS

This story is at least 8 months old. http://www.snopes.com/politics/guns/bankofamerica.asp" onclick="window.open(this.href);return false;

Oldgringo wrote:This story is at least 8 months old. http://www.snopes.com/politics/guns/bankofamerica.asp" onclick="window.open(this.href);return false;

The company in the OP's link is a different one that the snopes account. All the more reason to stop doing business with them. I'm sure it happens more than we hear about.

I had heard a long time ago that Chase Bank was guilty of the same practices. But when I bought my Ruger Gunsite Scout rifle a couple of months ago (from an FFL in Pennsylvania), I paid with a Chase card and the transaction went through with no problem. When I asked the guy at the FFL about it, he said that they never have problem with Chase transactions. Go figure.

Oldgringo wrote:This story is at least 8 months old. http://www.snopes.com/politics/guns/bankofamerica.asp" onclick="window.open(this.href);return false;

I recall the incident with McMillan. Snopes is full of prunes. Bank of America cited as proof of their support of firearms manufacturing the deal with Freedom Group, Inc. Rubbish! Freedom Group is owned by Cerebus, a private equity outfit that used to own Chrysler and a bunch of other stuff, whose investors include the California pension plan, notorious for idiotic politically motivated investments.

I think it happened the way McMillan said it did, and have not seen anything credible to contradict that version of events.

JALLEN wrote:

Oldgringo wrote:This story is at least 8 months old. http://www.snopes.com/politics/guns/bankofamerica.asp" onclick="window.open(this.href);return false;

I recall the incident with McMillan. Snopes is full of prunes. Bank of America cited as proof of their support of firearms manufacturing the deal with Freedom Group, Inc. Rubbish! Freedom Group is owned by Cerebus, a private equity outfit that used to own Chrysler and a bunch of other stuff, whose investors include the California pension plan, notorious for idiotic politically motivated investments.

I think it happened the way McMillan said it did, and have not seen anything credible to contradict that version of events.

Okay

Most of my family has already pulled the plug on BofA and other big banks. Support your local credit union.