Gun teams search to drive banks to do enterprise with gun business | Arizona and space information

There’s a explicit downside that Arizona lawmakers should handle, stated Dan Reid, regional director of the NRA.

“This prevents discrimination in lending practices inside the gun business,” he stated. “If companies aren’t in a position to get strains of credit score, if they’ve issues processing funds, that in flip might impression downstream customers.”

This drew questions from Rep Diego Rodriguez, D-Phoenix.

“What could be the discriminatory a part of a financial institution or a monetary establishment to say, ‘We simply do not wish to lend you cash’?”? He requested.

Reid stated there are examples the place companies which have been updated with their loans out of the blue discover they cannot get cash “simply on the premise of their enterprise.” It did not impress Rodriguez as unfair or unlawful discrimination.

“Let’s simply say a financial institution decides, ‘we do not wish to be within the grownup business anymore, for instance,’ he stated.

“Are we not speaking about the identical factor?” Rodriguez continued. “Generally folks simply determine they do not wish to do enterprise with different folks anymore simply because they’ve modified their decision-making course of.”

Reid rejected the comparability.

“We’re speaking about two very various things right here when it comes to a constitutionally protected proper,” he stated, not contemplating whether or not grownup companies even have a constitutionally protected proper underneath the First Modification.

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