Citi Group Takes New Shots At Firearms Commerce

Citi Merchant Services and First Data Corp. have decided to implement their own form of gun control, refusing to process credit card transactions between firearms retailers, distributors and manufacturers, according to a news release issued by the National Shooting Sports Foundation.

They claim the inability "to monitor or track adherance" to federal gun control laws. But the laws they quote have to do with sales to individuals, NOT transactions between manufacturers and dealers, or dealer to dealer.

I originally thought it to be unwarranted fear of the unknown, but increasingly as I look at this it appears to be incompetence at the legal level. Citi and FDC should file against their counsel for malpractice. Like that will happen . . .