Citibank recently made news by announcing arbitrary restrictions on firearms-related merchants who hold accounts with them. Now, it Wells Fargo has quietly made a similar move, dumping Tactical Night Vision Company, citing the company’s “profile” as a reason.
So the left’s war against gun owners and America’s gun culture continues apace. For 37 years, Wells Fargo happily serviced the California-based company known for its night-vision gear and related accessories. Now, out of nowhere, Wells sent TNVC a 60-day notice of account termination. Never mind that the company doesn’t make or sell firearms, magazines or ammunition.
Here’s TNVC’s post concerning the action from Arfcom:
So Wells Fargo gave us the 60 day notice – We don’t meet their new “policies”
So after 37 years of business, (13 years of direct corp business), they have given us notice that we have to look for another bank to do our business with. This based on our “profile”, whatever that means. they would not tell us any details. A few years ago Chase told us they could not do any of our Merchant Card Processing because we sold “high power lasers”.
It seems the more and more of the banking industry is joining suit as many know just as Citi Bank announced THIS I know McMillan and a few others have already been down this path. Heck we’re not even a firearms manufacture (not that it matters), this is outrageous family run business’s getting held hostage for political gains. After all, the firearms industry as a whole is a multi-billion dollar industry. All too familiar what U-Tube is doing as well.
We know, “welcome to the party pal”….It begins.
We contacted TNVC for confirmation of the story. Company president and CEO Victor Di Cosola wrote us back and confirmed the story and the details. The bank, he wrote, gave no further explanation other than citing the company’s “profile”.
This isn’t Tactical Night Vision Company’s first brush with mega-corporate political bias. According to the same post at Arfcom, Chase Bank terminated TNVC’s merchant card processing services a few years ago because the company sold “high power lasers”.
Frankly, money talks a lot louder than politics or virtue signaling in most cases. And some companies have corkscrewed themselves into bankruptcy by holding onto radical political beliefs.
As gun owners, we have a choice with whom we do business, too. That choice stands as the single most effective way for the People of the Gun to get the attention of companies working to degrade and destroy America’s gun culture.
It’s not as if Wells Fargo has a lot of brand equity these days. Late last year, the company faced severe scrutiny over allegations they concealed billions in losses and fraud.
Wells Fargo defrauded the government during financial crisis: suit
More bad news for Wells Fargo.
A Manhattan federal appeals court on Thursday revived a whistleblower suit against the beleaguered bank, reviving allegations by two former employees that Wells hid billions in losses and defrauded the federal government during the financial crisis.
The former employees also claim they were fired when they brought the alleged misconduct to higher ups.
The appeals court decision continues an incredible streak of unfavorable news for Well Fargo, most of it self-inflicted.
The bank and its CEO, Tim Sloan, are facing a slew of class-action suits, government investigations, and angry shareholders over years of alleged impropriety and ripping off customers.
Oh, and Wells has had a funny habit of creating millions of fraudulent checking accounts in unsuspecting people’s names. So there’s that, too.
What’s in your wallet?