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Bank Of America Clarifies Position

Friday, May 28, 2010

Over the past few months, NRA-ILA received information from a few members detailing some problems that firearm-related businesses were having with Bank of America (BoA).
 
It appeared that BoA had adopted a policy of denying banking services to businesses associated with firearms.  ILA staff contacted BoA corporate leadership and asked them to provide specific information regarding their policies.
 
In a conversation with Douglas K. Bland, a BoA Senior Vice President, NRA-ILA was assured that there was no such anti-gun policy.
 
Mr. Bland provided NRA-ILA with a written statement of their policy, which states "Bank of America does not have a corporate-wide policy to deny banking services solely on the applicant's involvement in the firearms industry."
 
NRA-ILA is pleased with this statement, but will continue to monitor business activities to ensure that gun owners and gun related business receive fair treatment.  If you have had issues with Bank of America, please contact NRA-ILA so additional follow-up can be done.  If needed, Mr. Bland has indicated his desire to assist with claims of unfair denial of services for firearms related reasons.

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On Wednesday, June 26, NRA and CRPA will be hosting a free live webinar discussing the upcoming ammunition background check requirements scheduled to take effect July 1. 

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NRA ILA

Established in 1975, the Institute for Legislative Action (ILA) is the "lobbying" arm of the National Rifle Association of America. ILA is responsible for preserving the right of all law-abiding individuals in the legislative, political, and legal arenas, to purchase, possess and use firearms for legitimate purposes as guaranteed by the Second Amendment to the U.S. Constitution.