Citi reverses debanking policy, allows conservatives and gun dealers back

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Citigroup has officially reversed its controversial debanking policy, allowing Republican and conservative customers, along with firearm manufacturers and dealers, to reopen accounts. The move comes after years of criticism over the bank’s 2018 decision to restrict services based on political affiliation and gun-related business activity.

The policy change is significant. Citi has now explicitly prohibited debanking based on political views, ensuring that all customers, regardless of ideology, have equal access to financial services. The bank also eliminated its previous restrictions on firearm sales, which had required clients to limit magazine sales and enforce stricter background checks.

This shift follows pressure from lawmakers and industry leaders, who argued that financial institutions should not be weaponized against political or ideological groups. Citi’s decision aligns with recent regulatory developments and executive orders aimed at ensuring fair access to banking services.

The firearms industry stands to benefit. Gun manufacturers and dealers, previously excluded from Citi’s financial network, can now resume business without restrictions. This marks a major victory for Second Amendment advocates, who have long argued that corporate policies should not override constitutional rights.

The broader implications are clear. Citi’s reversal signals a growing push for financial neutrality, ensuring that banks serve all customers fairly, without ideological bias. The move also sets a precedent for other financial institutions, which may now reconsider similar restrictions.

The fight against debanking is far from over. While Citi’s policy change is a step in the right direction, concerns remain about whether other banks will follow suit. The debate over financial access and political discrimination is likely to continue, shaping the future of banking regulations.

Sources:

https://www.deseret.com/u-s-world/2025/06/03/citibank-what-is-debanking/

https://www.foxbusiness.com/politics/citi-updating-policies-prevent-debanking-over-firearms-political-views

https://time.com/7291023/citigroup-firearms-policy-reversal-trump-conservatives-banks-pressure/