JPMorgan Chase recently announced the banking giant’s policy of denying services to manufacturers of Modern Sporting Rifles (MSRs) is over. That’s a welcome reversal of policy after NSSF met with JPMorgan Chase officials to work to end the discriminatory policy. It is also the most recent of the big banks, including Bank of America and Citigroup that have shifted banking service policies that previously froze out members of the firearm industry. [More]
About damn time for all of them, and Morgan has been particularly offensive.
Now, what about “Merchant Category Codes“?
Hey, when the house of cards collapses, who’s in for more “too big to fail” bailouts?
And not to put too fine a point to it, but MSR seems counterproductive to me.
Ahh, JP Morgan/Chase/on and on; what can we expect from an outfit run by a guy with the monicker Jamie Dimon, central casting couldn’t have picked a better mob boss. But hey, his board gave him a nice raise even though the enterprise missed targets.