All business must accept legal tender

Discussion in 'Current Events' started by RetiredGySgt, Mar 22, 2018.

  1. RetiredGySgt
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    RetiredGySgt Diamond Member

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    That is a federal law, a bank does NOT have the authority to deny its customers the us of their money to buy legal goods with cash or credit cards they should be sued if they do. Federal law is clear if credit cards are from banks that are supported by the federal Government those banks MUST follow federal law. A bank CAN NOT unilaterally declare they will not honor the purchase of legal goods as they have no authority to violate US law.
     
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  2. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    I think they're saying they'll stop doing business with gun sellers.
    Use any other credit card you like......
     
  3. WorldWatcher
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    WorldWatcher Gold Member

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    The policy change doesn't apply to individual private customers and how they spend their money. They didn't say "they will not honor the purchase of legal goods" as you claim.

    The new policy, as I read about it, applies to retail customers that issue credit cards through Citibank. What they said was they will not do business retailers that to not maintain certain sales standards of firearms. If they don't want to use Citibank, they can use another consumer credit provider and issue credit cards through them.

    It's not about individual purchases, it's about corporate accounts.

    Citibank requires clients to restrict firearm sales

    >>>>
     
  4. RetiredGySgt
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    RetiredGySgt Diamond Member

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    Since ALL corporate accounts that deal in firearms do background checks then they have no dog in the fight. The Credit card company can not dictate to its customers who they will do business with not and remain insured by the US Government.
     
  5. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Under this new policy, we will require new retail sector clients or partners to adhere to these best practices: (1) they don’t sell firearms to someone who hasn’t passed a background check, (2) they restrict the sale of firearms for individuals under 21 years of age, and (3) they don’t sell bump stocks or high-capacity magazines. This policy will apply across the firm, including to small business, commercial and institutional clients, as well as credit card partners, whether co-brand or private label. It doesn't impact the ability of consumers to use their Citi cards at merchants of their choice.

    The Citi Blog - Announcing Our U.S. Commercial Firearms Policy
     
  6. RetiredGySgt
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    Not legal if the State the business is in allows 18 year olds to buy firearms Citibank can NOT tell its customers they can not sell to them it is ILLEGAL and a violation of the rights of the Business also absolutely NONE of the banks business.
     
  7. Toddsterpatriot
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    Not legal if the State the business is in allows 18 year olds to buy firearms Citibank can NOT tell its customers they can not sell to them it is ILLEGAL

    Right, they can't tell a store not to sell something.
    They can tell a store that if you do, you can't issue a Citibank Card with your store name on it.

    and a violation of the rights of the Business

    What business has a right to issue a Citibank credit card?
    Where did you find this right?
     
  8. WorldWatcher
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    WorldWatcher Gold Member

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    Sure they can. Remember this isn't about cards issued to individuals who make purchases, this is about corporate retailers and how they conduct business.

    As long as Citibank complies with federal Public Accommodation laws which limit their ability to discriminate based on race, sex, national origin, and religion - then they can decide who they want to do business with.


    >>>>
     
  9. iceberg
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    iceberg Gold Member

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    Then l'll stop making gay cakes. Use any other baker you like.
     
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  10. iceberg
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    iceberg Gold Member

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    So I can use a chase visa but not Citibank... It is about individuals in the end.
     

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