Citibank case

The editorial content on this page is not provided by any financial institution and has not been reviewed, approved or otherwise endorsed by any of these entities prior to publication. The CFPB took issue with how these products were sold to consumers. Citibank was also charged with over-billing consumers and extracting excessive fees from consumers in collections.

Citibank case

Thursday, Citibank released a statement explaining their plan to curtail the second amendment protections of their customers and partners. It is not centered on an ideological mission to rid the world of firearms. That is not what we seek.

Understanding the debt collection process

So our new policy centers around current firearms sales best practices that will guide those we do business with as a firm.

Citibank announced the following new rules: Under this new policy, we will require new retail sector clients or partners to adhere to these best practices: This policy will apply across the firm, including to small business, commercial and institutional clients, as well as credit card partners, whether co-brand or private label.

Citibank case

These kinds of corporate policies do little more than confirm the intellectual vapidness of mob-bending corporate culture. This does not happen, contrary to widespread propaganda which has misled the public.

Secondly, and most concerning, Citibank is acting to fill a void elected officials chosen by the American people ought to fill — making policy decisions germane to our Constitution. Not surprisingly, the most money given to a single candidate was Hillary, followed by donations to a Jeb Bush supporting PAC.

And again, why is a bank telling businesses what merchandise they can sell? This goes far beyond virtue signaling into veritable legislating.

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