Bank of America will stop lending to gunmakers who craft 'milita - WSFA.com Montgomery Alabama news.

Bank of America will stop lending to gunmakers who craft 'military-style' rifles

The bank had previously said it was looking for ways to help stem violence after the school shooting in Parkland, FL. (Source: CNN) The bank had previously said it was looking for ways to help stem violence after the school shooting in Parkland, FL. (Source: CNN)

(CNN) - Some gunmakers won't be able to use Bank of America's money to support their businesses any longer. 

Bank of America Vice Chair Anne Finucane told Bloomberg TV on Tuesday that the bank will no longer finance gun companies that manufacture "military-style" rifles for the public. 

The bank previously had said it was looking for ways to help stem violence after the school shooting in Parkland, FL. 

Finucane didn't identify with which companies Bank of America is cutting ties. 

American Outdoor Brands, which owns Smith and Wesson, and Sturn Ruger both make AR-15 rifles

According to CNBC, Bank of America has lent money to Sturn Ruger in the past. 

When asked if the bank plans to stop doing business with retailers that sell guns, Finucane said that would involve complicated civiil liberties and second amendment issues. 
  
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