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Floating around- and doesnt sound right- I know Home Depot is a big supporter of Veterans

I think it is time to check my credit cards, and the "parent" company therof, to make sure none are backed by the Citi group. Perhaps it is also time to put Home Depot on the chopping block and support Lowes. The following came out today on the Tactical Wire.... Pete



The Politics of Credit

It's warm-getting-cool and the leaves are changing. The smells of Fall are in the air. Hunting seasons are on or soon here and it's the hunting industry's time of the year. While I'm aware of Spring turkey seasons and such, Fall is harvest time on more than one level.

The Warne Scope Mounts Company of Oregon was doing business - the manufacture of scope mounts and components thereof. They've had some exciting products out recently, including one I'll be putting to the test soon. While in the process of doing business, Charles Lake , President of Warne Scope Mounts, submitted an application from the company for a business line of credit to purchase materials to make work benches as well as to purchase appliances, to the Home Depot. Nothing Home Depot sells Warne is used in their products.

The credit line was approved on September 28. On the 29th, Mr. Lake received a call from the Home Depot credit department saying the line of credit was rescinded. He asked if it was something in the company's credit rating. "No," he was told. "It's because of the industry you are in."

Mr. Lake asked for the specific problem as Warne just makes parts, not guns or ammo. According to Mr. Wilcox, a Company VP, the response was, "You make parts for the gun industry."

Mr. Lake had his office manager called the national credit department to ask about the rescission. He was told that is their policy.

A letter, dated September 30, 2010, was received October 4. It confirmed that the "account was opened in error . . ." going on to say, "Our policy restricts us from lending to businesses in your industry." Oddly, a disclaimer appears at the base of the letter, saying that federal law prohibits discrimination in lending "on the basis of race, color, religion, national origin, sex, marital status, age; because all or part of the applicant's income derives from any public assistance program . . ." The letter was from Home Depot Credit Services, Citibank (South Dakota), N.A., Creditor.

Warne Scope Mounts makes scope mounts and associated hardware. They don't make firearms, ammunition, magazines, barrels, bolts, sling swivels, springs or anything else. Founded in 1991, Warne employs approximately 50 people who are involved in manufacture and shipping of the several hundred thousand mount sets that are sold per year. A considerable part of their business is OEM for many of the top industry rifle and scope companies.

On October 5, I had email contact with Mr. Stephen Holmes, Senior Manager of Corporate Communications for Home Depot. He said Home Depot had "(n)o such policy" and that the company doesn't "actually manage all the backend parts of the card."

Later, I received another message from Mr. Holmes. He stated that Citi's rules apply to all of the retailers that carry their private label credit card, not just The Home Depot accounts. "As such," he wrote, "we have absolutely no input on the criteria they use to assess credit risk or credit worthiness."

I contacted Citi's media wing to attempt to get their side of the story. Elizabeth Fogarty, Citi Public Affairs answered with the following prepared statement:
 

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sounds like a bunch of horeshit to me....a bank like Citibank turning away potential profit on their bottomline by refusing to extend credit to a business??? Banks are hurting to attract more consumers to make money off of them(as long as they are not a credit risk).....
 

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Friday, October 08, 2010


This week, NRA-ILA and NRA's Publications Division learned of an issue regarding the disapproval of credit by Citibank South Dakota for a respected manufacturer of scope mounts for firearms. Upon investigation with Citibank, it appears that the initial disapproval was based on the type of business the company is engaged in. Citibank applies an industry code to every business that seeks credit and it appears that the company was assigned a code that Citibank does not lend to. However, we believe this code was misapplied in this case.

At this time, it does not appear that Citibank is actively denying banking services or credit in an attempt to discriminate against firearm-related businesses. Rather, we believe that there was a misunderstanding as to the nature of this particular company's business.

NRA-ILA staff will continue to work with Citibank to resolve this situation and to help prevent similar problems in the future.
 

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Huh, I've got a CITI Business card in my wallet that says...Doug's Gunsmith Shop. Can't be anymore obvious.
 

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Unknown, thanks for the list, although, it looks like it need to be updated. Many of the individuals listed are dead.

Bob
 

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Cy-kick-and the rest of you who arnt telling the truth, citibank refused the loan because they are in the firearm industry and citibank does not do business with anyone in that field.
I SAY WE ALL BOYCOTT CITIBANK AND GET ON ALL WEBSITES AND SAY THAT.
 

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<blockquote><I>...thanks for the list, although, it looks like it need to be updated. Many of the individuals listed are dead.</I></blockquote>Bob,

Being dead probably didn't change their point of view, but you can do what the NRA did when they composed THEIR list: copy this one and just substitute the names of their children for the names of some of those individuals who are now deceased.

There don't seem to be many other lists like this and even fewer of this length and even some of those are copies of this one.

MK
 

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Thanks for the list also Unknown1.

As for the actors on the list. They are nothing but HYPOCRITES. Why do I say that? Look at all the movies they are in WITH GUNS and or USING GUNS. If they don't like guns then they shouldn't have them in their hands making movies and making all that money that they get paid for to have a gun in their hands.
 

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Just to let you all know, in my town LOWE'S put up a sign that read "NO HANDGUNS PERMITTED IN THIS STORE". We gun people tried to talk to them and they said it was THEIR RIGHT to put up the sign. People then closed their account and or accounts and others went else where for their needs. It took Lowe's about 3 months to decide to take the sign down for good. Home Depot needs the same thing to happen to them.
 
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