California Democrat Maxine Waters is the new chairwoman of the House Financial Services Committee. To judge from the party’s past behavior and the various proposals emanating from the left, Waters’s Democrats are going to pressure banks, credit unions, and payment companies to severely curtail and even terminate their relationships with firearm manufacturers, licensed gun retailers, and law-abiding citizens exercising their right to purchase and own firearms. In other words, they will use political pressure to force private institutions into creating social policy that threatens constitutional rights.
I’m a little skeptical. If they thought they could get the legislation through, sure. But just through “political pressure” without the support of the Whitehouse seems like a stretch. Still, it might be worthwhile to consider moving your accounts to a friendly bank or credit union if some banks bow to “political pressure”.