City to end the policy restricting services to retail customers who sell firearms in an attempt to ensure “fair access”

Citigroup announced On Tuesday, the 2018 policy, which has developed restrictions on providing banking services to retail customers who sell firearms and amend a separate policy to male clearly that it does not distinguish based on political affiliation.

The head of the services of public institutions in CITI said that the changes come amid concerns about “fair access” to banking services, noting that the company is following organizational developments, recent executive orders and legislation in Capitol Hill.

“In light of these developments, we gave an objective view of our policies and practices with the intention of achieving the right balance between our commitment to fair and unbiased access to our products while continuing to manage all risks to the bank appropriately.” “As a result of this analysis, we take many actions.”

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Since the president Donald Trump It returned to the White House in January, American banks and organizers were scrutinized by federal legislators due to allegations of rejection of services for some industries or political groups.

The banking industry has prompted the accusation, on the pretext that the arduous, spontaneous and dark rules make it difficult for them to provide services or provide justification for a possible rejection.

City said it removes the American commercial weapons policy that was implemented in 2018 to restrict services to retail customers and partners who sell firearms. She said that the policy “aims to enhance the adoption of best sales practices as a wise risk administration and has not tackled firearms manufacturing.”

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“Many retailers are following best practices, and we hope that societies and legislators will continue to search for ways to prevent the tragic consequences of armed violence,” the company said in the statement.

The company also said that it is updating its employee’s behavior and the global financial access policy facing the customer to “clearly shows” that it is not distinguished on the basis Political affiliation In the same way, it is clear that it does not distinguish on the basis of other features, including race and religion.

“This will write down what we have practiced for a long time, and we will continue to conduct training to ensure compliance,” the statement said.

She concluded that “these changes enhance our commitment to serving all customers fairly, and we will continue to work with organizers and elected officials on ways to improve transparency and confidence in the banking sector.”

These moves come after the states led by Republicans prompted legislation to bend the discrimination imagined by banks. Various laws aimed at ensuring the lending of banks have led to frustration in this industry.

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In January, Trump accused the CEO of Bank of America and JPMorgan Chase of rejecting services to some governors, although banks rejected allegations that they deny services on a political basis.

Reuters contributed to this report.