![Suit filed over panel rejecting banks over gun policies](http://townsquare.media/site/36/files/2014/10/Courtroom-iStock.jpg?w=980&q=75)
Suit filed over panel rejecting banks over gun policies
BATON ROUGE, La. (AP) — A Louisiana resident is challenging the state Bond Commission's decision to exclude two large banks from underwriting state contracts because of the banks' corporate policies regarding firearms businesses.
The Advocate reports that the lawsuit was filed Wednesday in state court in Baton Rouge. The lawsuit argues that the move last spring exceeded the Bond Commission's authority, broke state rules and cost taxpayers by limiting competition for the work.
Bank of America was excluded because it stopped issuing loans to some makers of military-style rifles. Citigroup was excluded for requiring retail clients to require background checks for firearm purchases, refuse to sell to anyone under 21 and quit selling bump stocks and high-capacity magazines.
State Treasurer John Schroder, who chairs the Bond Commission, declined to comment on the lawsuit.
___
Information from: The Advocate, http://theadvocate.com
More From News Talk 96.5 KPEL
![FBI Sets Record Straight on Trump Being Hit by Bullet During Assassination Attempt](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2161923127.jpg?w=980&q=75)
![There Are 4 Big Reasons Why Louisiana’s Auto Insurance Rates Are So High](http://townsquare.media/site/182/files/2022/04/attachment-RS47246_GettyImages-480652712-scr1.jpg?w=980&q=75)
![Forecasters Watching Tropical Disturbance Headed for Gulf of Mexico – Should Louisiana and Texas Be Worried?](http://townsquare.media/site/36/files/2023/09/attachment-Hurricane-Nigel.jpg?w=980&q=75)
![Fallen Lafayette Police Officer Identified, Remembered as Family Man, Friend, and Protector](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-2024-07-26T100047.692.jpg?w=980&q=75)
![Condolences Pour in for Fallen Lafayette Police Officer Killed in Jeanerette Standoff](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-2024-07-25T202550.435.jpg?w=980&q=75)
![Nick Saban Calls Former LSU Football Star, Lafayette Native a ‘F-ing Problem’](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-1775238930.jpg?w=980&q=75)
![1 Lafayette Officer Dead, 3 Injured in Hostage Situation in Jeanerette, Louisiana – Suspect Identified](http://townsquare.media/site/36/files/2023/03/attachment-Lafayette-Police-Department-Photo-courtesy-of-Lafayette-PD-Facebook.jpg?w=980&q=75)
![Earthquake Centered Near New York City Rattles Northeast](http://townsquare.media/site/36/files/2018/07/E4J7DD.jpg?w=980&q=75)
![School Shooting Rocks Perry, Iowa Community on First Day Back from Holiday Break](http://townsquare.media/site/36/files/2022/03/attachment-Do-Not-Cross-Police-Tape-Photo-courtesy-of-David-Von-Diemar-jM6Y2nhsAtk-unsplash.jpg?w=980&q=75)