Armed groups seek to force banks to do business with gun industry | Arizona and area news
There is a particular problem that Arizona lawmakers must address, said Dan Reid, regional director of the NRA.
“This prevents discrimination in lending practices within the gun industry,” he said. “If businesses are not able to get lines of credit, if they have problems processing payments, this in turn could impact downstream consumers.
This drew questions from Rep. Diego Rodriguez, D-Phoenix.
“What would be the discriminatory part of a bank or financial institution to say, ‘We just don’t want to lend you money’? “? He asked.
Reid said there are examples where businesses that are up to date with their loans suddenly find they can’t get money “just on the basis of the business.” It didn’t impress Rodriguez as unfair or illegal discrimination.
“Let’s just say a bank makes a decision, ‘we don’t want to be in the adult industry anymore, for example,” he said.
“Aren’t we talking about the same thing? Rodriguez continued. “Sometimes people just decide they don’t want to do business with other people anymore just because they’ve changed their decision-making process. “
Reid rejected the comparison.
“We’re talking about two very different things here in terms of a constitutionally protected right,” he said, not considering whether adult businesses also have a constitutionally protected right under the First Amendment.