Love it or hate it—The Shooter’s Log has certainly received comments on both sides—the NRA is fighting hard for the Second Amendment and our rights. Recently, The Shooter’s Log reported on moves by certain banking institutions to limit or outright refuse to do business with manufacturers and businesses within the firearms community. Following that, we ran Cuomo Urges (Threatens) Banks Against Doing Business With 2A Companies. Now, the NRA is fighting back by filing suit in district court.
Here is the full release from United Sportsmen of Florida (USF) Executive Director and NRA Past President Marion Hammer:
On Friday, May 11, 2018, in the United States District Court for the Northern District of New York, the NRA filed a lawsuit claiming that Gov. Cuomo, and his Director of Financial Services (DFS) have engaged in a “campaign of selective prosecution, backroom exhortations, and public threats” designed to coerce banks and insurance companies to withhold services from the NRA.
The NRA argues that such tactics vastly overstep DFS’s regulatory mandate, and seek to suppress the speech of Second Amendment supporters and retaliate against the NRA and others for their political advocacy.
The lawsuit seeks millions of dollars in damages to redress harms inflicted by the DFS campaign.
Among other things, the lawsuit cites a pair of “guidance” letters issued on April 19, 2018, by the DFS to the CEOs of banks and insurance companies doing business in New York. Styled as regulatory “risk management” advisories, the letters encourage institutions to “take prompt actions” to manage “reputational risk” posed by dealings with “gun promotion organizations.”
The same day, Cuomo issued a press release in which the Director directly urged “all insurance companies and banks doing business in New York” to “discontinue their arrangements with the NRA.”
Read a copy of the lawsuit complaint as filed, here:
Will the NRA be successful and get the compensation? Do you think Gov. Cuomo and the DFS were making a veiled threat to financial and insurance institutions? Share your answers in the comment section.