On March 22nd Citibank which issues Citi Visas and Mastercards released a “Commercial Firearms Policy” to announce to and unprecedented requirements to force firearms dealers who do business with Citibank to quit selling “high capacity”magazines. Citibank’s new policy:
“Under this…policy, we will require new retail sector clients or partners to adhere to these best practices: (1) they don’t sell firearms to someone who hasn’t passed a background check, (2) they restrict the sale of firearms for individuals under 21 years of age, and (3) they don’t sell bump stocks or high-capacity magazines. 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. It doesn’t impact the ability of consumers to use their Citi cards at merchants of their choice.”
First off it would be illegal for a licensed firearms dealer to sell a firearm to someone who hasn’t passed the FBI online background check. The only exception I know, at least in Texas, is a person who holds a state issued concealed carry permit (meaning they have passed a far more extensive background check than what the FBI conducts).