Join our growing community to challenge mainstream media bias and fix the news
Trump regulator’s rule would force banks to lend to gun-makers and oil drillers

Trump regulator’s rule would force banks to lend to gun-makers and oil drillers

The Trump administration is reportedly trying to push a rule that could compel banks to offer loans to the gun manufacturers, and oil exploration companies. Banks are unwilling to finance gun manufacturers who make assault-style weapons and drilling for oil in Alaska’s Arctic National Wildlife Refuge, among others. The new rule is designed to designate such practices as unfairly discriminatory.

David
David
Erich
Erich 2 months

It comes down to the question as to whether a business has the right to chose those they will do business with. Hot button. Can a baker chose not to bake a cake for someone they disagrees with? Can a bank chose to not offer loans to someone they disagree with? IMHO, allow businesses to chose and be transparent about it. I will not do business with an organization that supports racism, sexism, etc.

Bob
Bob 2 months

Banks should be required to lend to all legal businesses that meet their credit standards, whether they're legal gun makers or legal marijuana sellers.

Don
Don 2 months

American banks gave 35,000,000 to AH and the National Socialists in 1941 but now people are concerned about banks loaning money to oil company's and gun makers?

Viviko
Viviko 2 months

Banks should lend to all legal businesses. I don’t see how this is a bad thing.

Franklin
Franklin 2 months

I want all the right to protest/denounce this government rule! Ideally Trump too, but one can dream.

Angry_Face
Angry_Face 2 months

And this is a problem because??? Banks receive HUGE sums from the printing presses and essentially have the right to print their own so if there are strategic industries on nation importance like energy independence & being the worlds largest arms manufacture that need assistance then fine

Burger
Burger 2 months

More big gubmint regulations!

Laura
Laura 2 months

Since when did small government and free marketplace translate to demanding who businesses are required to interact with, this is not a precedent Republicans historically would want to set. If banks can be forced to take on clients against their will so can other businesses.

Brian
Brian 2 months

Banking is an essential service. If a privately owned bank chooses to not deal with a legal business of any kind, then maybe the government should choose to revoke FDIC protections, or maybe charge that bank a penalty rate from the federal reserve. The banks are free to choose...

mike
mike 2 months

Dont see a problem with that!!!

Central Scrutinizer
Central Scrutinizer 2 months

They're is no oil in Puget Sound! This article is ah hoax!

Trevelyn
Trevelyn 2 months

You anti oil people need to take a science History economics government class .You do not know how the world truely works . The how do you feel classes .Will be your downfall .

Top in Business