Sunday, April 12, 2015

‘Gun Letter’ Informs Pawn And Gun Shop Owner His Bank Accounts Are Being Closed
...“Oh, you got one of the gun letters,” the employee said, explaining to Champion that gun stores across the country are receiving the same correspondence.

SunTrust was in the news last year for a similar crackdown on a South Carolina pawn and gun shop owner....

...Last year, Mark Cohen, the owner of Powderhorn Outfitters, a gun retailer in Hyannis, Mass., said that an executive at his bank, TD Bank, told him directly that it would not extend a line of credit “because you sell guns.”

And in November, Mike Shuetz, the owner of Hawkins Guns in Wisconsin, recorded a conversation he had with an executive at Heritage Credit Union after he was told that his bank accounts would be closed. The executive explained that federal regulators had recently inspected the credit union and targeted Shuetz’s business because he sells guns. ...