Bank watchdog confirms banks have No Lawful Grounds to reject firearms industry
The banking watchdog has confirmed banks have no lawful grounds to discriminate against licenced firearm traders. Nationals Senate Leader Bridget McKenzie questioned the banking regulator Australian Prudential Regulation Authority (APRA) through senate estimates following cases where banks have denied loans to licenced and law-abiding firearm businesses. “There have been a number of discriminatory lending practices…