When reached for comment by FOX Business, a spokesperson for JPMorgan said, "For any third party processors that process payments in aggregate, we are unable to perform the due diligence expected by regulators for several highly-regulated industries, including internet firearms retailers, so we cannot process such payments for these processors.
Cruz also cited Bank of America’s involvement. Intuit claimed the bank enforced restrictions on their services, according to Intuit company representatives who detailed the following in a briefing with senate staff.
"Intuit clarified that **Bank of America required it to prohibit gun manufacturers from using QuickBooks payroll services…Bank of America, however, denied that it had ever given Intuit any instructions relating to firearm manufacturers or sellers.
I encourage other companies to follow your company’s lead and take note that banning customers from using their products due to political differences is not good business."
I vote with my dollars since so many companies have decided to go political and here’s two more names on my list.
Not sure of the current status, but there was legislation introduced that would have added the manufacture of assault weapons to their assault weapon ban. High capacity magazines as well. At the time, that was 60% of their revenue.