After JP Morgan cut ties with Kanye West for sharing unpopular opinions, Americans began to realize that their lives could be uprooted for practically any reason that banks and other entities felt like inventing.
That appears to have been the case with Wells Fargo’s decision to terminate its relationship with a prominent firearms dealer.
According to the Right Scoop:
Wells Fargo just terminated the account of a well known gun dealer who had been mentioned in articles by major news publications. And they did it with no real explanation.
The closest thing to an explanation Brandon Wexler got was this: “Banking guidelines excludes lending to certain types of businesses.”
I think that right there says it all. This is an attack on the gun industry.
Wexler didn’t receive a decent explanation for the decision, but he did get some support on social media.
This is why with @JohnRich, @RealBenCarson and others, I co-founded Old Glory Bank. Go to: https://t.co/AllkVFsy4z
Wells Fargo Cancels Prominent Florida Gun Dealer’s Accounts, Implies it Won’t Work With Gun Companieshttps://t.co/Wdeah0wNoT#OldGloryBank#WeveGotACountryToSave pic.twitter.com/e378EpX3Hu
— Larry Elder (@larryelder) January 13, 2023
Go woke go broke
Woke Wells Fargo Cancels Accounts for Major Gun Dealer as Bank Indicates It Will Cut Loans to White People. https://t.co/CEWqrIw3DB
— Robert Lord (@RobertL90096934) January 17, 2023
Maybe it is time to dump Wells Fargo.
Wells Fargo Bank has suddenly dumped the accounts of a prominent gun dealer in Florida.
https://t.co/4f0CUEQSrm— Kathy Ponce (@Kathy4Texas) January 15, 2023
Wells Fargo Cancels Prominent Florida Gun Dealer’s Accounts, Implies it Won’t Work With Gun Companies | The Reload
Never bank with Wells Fargo. Close your accounts today. https://t.co/JGa8HhMeHU
— Giants777 (@filan777) January 13, 2023
Along with the new merchant codes being used by credit card companies, which critics say will make it easier to track U.S. gun owners, this move by Wells Fargo seems to be an indication of a growing anti-Second Amendment stance by American businesses.
As The Reload reported:
Jennifer L. Langan, Head of communications for CSBB & Consumer Lending at Wells Fargo, disputed Wexler’s claim that the closures were due to his work as a gun dealer.
“Based on our analysis of the risk associated with this customer, we made a decision to close the accounts,” she told The Reload. “Our decision is not based on the industry.”
She said she could not disclose the details behind the decision, but reiterated that Wells Fargo has never announced a policy against doing business with gun companies.
The National Shooting Sports Foundation (NSSF), which represents gun makers and dealers, said what happened to Wexler is part of a growing trend.
“Wells Fargo’s decision to abruptly cancel all business ties with Wex Gunworks is the most recent example of “woke” banking discrimination against the firearm industry,” Mark Oliva, an NSSF spokesman, told The Reload.
Here’s a clip of Wexler explaining the situation in his own words.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!