Citibank this week dropped a policy it implemented in 2018 restricting the Second Amendment rights of clients.
While claiming it “has always been fully committed to treating all current and potential clients fairly,” it said concerns were raised “regarding ‘fair access’ to banking services.” Six years later, under a second Trump administration, it’s now changing its policy to comply with “regulatory developments, recent Executive Orders and federal legislation that impact this area,” it announced.
This includes updating its employee Code of Conduct and customer-facing Global Financial Access Policy “to clearly state that we do not discriminate on the basis of political affiliation in the same way we are clear that we do not discriminate on the basis of other traits such as race and religion. This will codify what we’ve long practiced, and we will continue to conduct trainings to ensure compliance.”
It also said it will “no longer have a specific policy as it relates to firearms. Our U.S. Commercial Firearms Policy was implemented in 2018 and pertained to sale of firearms by our retail clients and partners. The policy was intended to promote the adoption of best sales practices as prudent risk management and didn’t address the manufacturing of firearms.”
