Citigroup has ended a seven-year policy restricting banking services to firearm manufacturers and sellers, originally put in place after the 2018 Parkland shooting to promote responsible sales practices.

The bank said many clients now follow these practices, and it will no longer maintain a specific firearms-related policy.

The decision drew criticism from gun-control advocates, while White House officials praised it as supporting law-abiding gun owners.

Citi also updated its policies to explicitly prohibit discrimination based on political affiliation, amid broader debates over so-called “debanking” of conservative, NBC News has reported.

Banking leaders emphasize account closures are based on regulatory compliance, not politics.

Written by B.C. Begley