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BoA Freezing Gun Dealer's Accounts...


Oblivion DC

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Quote Originally Posted by Miter Gauge

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I've heard of banks closing accounts of businesses but you usually don't hear of them freezing accounts unless they suspect there is fraudulent activity on the account.


I'm pro-gun but I'm also all for a corporation being able to take a stand on issues they believe in so long as it conforms to the law.

 

Bingo. Banking regulations REQUIRE banks in the US to monitor customer accounts for potential fraudulent activity. A sudden, huge increase in activity is a quintessential red flag.
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Quote Originally Posted by Miter Gauge

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I've heard of banks closing accounts of businesses but you usually don't hear of them freezing accounts unless they suspect there is fraudulent activity on the account.


I'm pro-gun but I'm also all for a corporation being able to take a stand on issues they believe in so long as it conforms to the law.

 

Bingo. Banking regulations REQUIRE banks in the US to monitor customer accounts for potential fraudulent activity. A sudden, huge increase in activity is a quintessential red flag.
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