Bank of America’s decision comes after Everytown for Gun Safety released a set of guidelines for how financial institutions can help reduce gun violence by requiring business customers involved in the firearms industry to follow responsible business practices. The company’s decision also comes on the heels of Citigroup’s announcement that it would bar customers from engaging in firearm sales without a background check and to anyone under the age of 21 and that it would also prohibit the sale of bump stocks and high-capacity magazines by its business customers.
STATEMENT FROM JOHN FEINBLATT, PRESIDENT OF EVERYTOWN FOR GUN SAFETY:
“When the second-largest bank in the U.S. takes concrete steps to prevent gun violence, it sends a clear message to the entire industry: It’s time for every financial institution to do their part. We applaud Bank of America for walking the walk on gun safety.”
Did you know?
Every day, more than 120 people in the United States are killed with guns, twice as many are shot and wounded and countless others are impacted by acts of gun violence.
Centers for Disease Control and Prevention, National Center for Health Statistics. WONDER Online Database, Underlying Cause of Death. A yearly average was developed using four years of the most recent available data: 2018 to 2021.