Gun industry sees banks as new threat to 2nd Amendment

Posted at 9:36 AM, Jun 24, 2018
and last updated 2018-06-24 09:36:50-04

In the wake of high-profile mass shootings, corporate America has been taking a stand against the firearms industry amid a lack of action by lawmakers on gun control. Payment processing firms are limiting transactions, Bank of America stopped providing financing to companies that make AR-style guns, and retailers like Walmart and Dick's Sporting Goods imposed age restrictions on gun purchases.

The moves are lauded by gun-safety advocates but criticized by the gun industry that views them as a backhanded way of undermining the Second Amendment.

Gun industry leaders see the backlash as a real threat and are coming to the conclusion that they need additional protections in Congress to prevent financial retaliation from banks.

But just about everyone agrees there's little the gun industry can do to fight back.