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It is a slow and steady form of gun control gradually gaining momentum with limited public fanfare: If guns cannot be directly taken from the hands of citizens, the next best target is the banks and financial institutions that enable transactions or loans for the industry.
"Financial activism by banks is by far one of the largest emerging threats against Second Amendment rights," Philip Watson, founder of Washington Public Relations and a Second Amendment advocate, told Fox News. "The federal government allows the financial industry to receive vast amounts of federal funds; however, those exact same funds free up their balance sheets enough to discriminate and play politics."
But some argue it has reached a ridiculous point.
Miles Vining, founder of the Silah Report – a non-commercial research center that "explores contemporary and historical Small Arms & Light Weapons in the Middle East, North African, and Central Asian regions" and draws its revenue from its selling mostly wraps and patches – said that they were suddenly slapped down by Paypal last month.
"PayPal canceled my business and personal accounts because of a velcro patch that we were selling through our web store," Vining said. "It was in the shape of a firearm called the AKS74U or affectionately known as the 'Krinkov' in Central Asia and the United States."
Vining posted a call between himself at the California-based company on YouTube and told Fox News that they are no longer using PayPal for anything, personal or business-related at all, and don't intend to go back.
"It's a constant struggle when it comes to conducting anything that is legitimate and small arms-related in the current political climate," he said.
More here: US banks and financial institutions have been slowly severing ties with the gun industry
"Financial activism by banks is by far one of the largest emerging threats against Second Amendment rights," Philip Watson, founder of Washington Public Relations and a Second Amendment advocate, told Fox News. "The federal government allows the financial industry to receive vast amounts of federal funds; however, those exact same funds free up their balance sheets enough to discriminate and play politics."
But some argue it has reached a ridiculous point.
Miles Vining, founder of the Silah Report – a non-commercial research center that "explores contemporary and historical Small Arms & Light Weapons in the Middle East, North African, and Central Asian regions" and draws its revenue from its selling mostly wraps and patches – said that they were suddenly slapped down by Paypal last month.
"PayPal canceled my business and personal accounts because of a velcro patch that we were selling through our web store," Vining said. "It was in the shape of a firearm called the AKS74U or affectionately known as the 'Krinkov' in Central Asia and the United States."
Vining posted a call between himself at the California-based company on YouTube and told Fox News that they are no longer using PayPal for anything, personal or business-related at all, and don't intend to go back.
"It's a constant struggle when it comes to conducting anything that is legitimate and small arms-related in the current political climate," he said.
More here: US banks and financial institutions have been slowly severing ties with the gun industry
