GE Capital To Halt Lending For Gun Shop Purchases   Leave a comment

As much as one can slag at financial institutions, isn’t it refreshing to see them actually show a little sign of corporate responsibility?

GE Capital, which provides consumer financing services, had previously provided lending services to gun shops to help consumers finance firearm purchases. Earlier this year, the company sent letters to shops notifying them that the program would be terminated for future purchases.

The move was the result of “a more rigorous audit process… in light of industry changes, new legislation and tragic events that have caused widespread reexamination of policies on firearms,” GE Capital spokesman Russell Wilkerson said in an e-mail.(CNN Money)

In other words, they see where the public sentiment is, they see where the public wants in terms of sensible, common-sense gun-safety legislation and they’re moving in that direction. And GE Capital isn’t the only such company to show some sense of corporate responsibility. According to the same CNN Money article, Wells Fargo and Citigroup have done likewise.

Now if Congress would only listen to the American people on this issue…

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