Operation Choke Point

bigfutz · Aug 6, 2014

Any of our sponsors affected by Operation Choke Point? I've recently heard of two LGS/pawn shops getting notices from Sun Trust their bank accounts and credit card processing abilities have been cancelled: Lyman G&P and Golden Strip Pawn. I wonder who the big box stores bank with, and why they haven't been affected?

PapaBear · Aug 6, 2014

I'd be willing to bet that the big box stores don't get messed with because of the volume that they do.

bigfutz · Aug 8, 2014

Well, today, Russ Cassell of WORD radio broadcast from Lyman G&P, finally drawing out a response from SunTrust. They said they have many FFL's as clients, but were cancelling their business with pawn shops, payday loan & check cashing businesses. Either a smokescreen, or Op Choke Pt is trying to eliminate competition for the Postal Service's new financial offerings (payday loans). Nothing to do with guns... :lol:

Stan in SC · Aug 8, 2014

It is absurd that a bank such as Sun Trust has made such an asnine decision. They reportedly are concerned about returned checks. Pawn Shops have no returned checks.We deal in cash. I work at one. We don't take checks.
Fountain Inn Gun and Pawn was affected by this and Carolina First Bank eagerly jumped in there and took care of their banking needs. That oughta tell you something.
The shop I work in stopped doing business with Sun Trust years ago due to poor customer service.
Sun Trust is a poor bank to do business with.

Stan in SC

bigfutz · Aug 9, 2014

Thanks, Stan. I was hoping you would chime in. Do we need to start a list of good and bad banks now? It's amazing what these minority opinions can do. We need to make a stand with our dollars.

TheSwampFox · Aug 12, 2014

That reminds me of an article I read about a guy who stamped his money with the words "gun owner" to show the impact on the economy.

http://www.guns.com/2014/08/08/a-clever ... omy-video/

Although after it passes through a few hands the user wont be a gun owner anymore and banks will probably just collect them to be destroyed.

bigfutz · Aug 13, 2014

Gun Dealers Removed from ?Operation Choke Point? List
Public outcry credited with step in right direction.
- See more at: http://www.alloutdoor.com/2014/08/06/gu ... Newsletter