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Readers weigh in on the role banks play on gun control, chime in on Wells Fargo’s latest brand campaign, slam the idea of postal banking and more.
Gun sales, gun shop, assault guns, gun store
Semi-automatic long guns sit on display for sale below manufacturer advertisements at a gun store in Orem, Utah, U.S., on Thursday, Aug. 11, 2016. The constitutional right of Americans to bear arms has become a flash point in the presidential contest between Democrat Hillary Clinton and Republican Donald Trump. Photographer: George Frey/Bloomberg

On banks finding themselves in the middle of the national debate on guns:

“These banks brought it all on themselves by rushing into this loaded (no pun intended) social issue in an effort to signal their virtue. Their shareholders should be rightfully livid.”

Related: Banks caught in crossfire of gun debate. It won't end well
A customer at a gun shop in Albuquerque, New Mexico.

Another reader weighs in on banks stepping into the gun debate:

"Banks take public money and must abide by the public rules on legal action. The banks cannot take public money and deny credit access to groups not favored by a particular party's political ideology."

Related: Banks caught in crossfire of gun debate. It won't end well
Integrity sign
Close up Businessman Arranging Small Wooden Pieces with Integrity Letters on Black Background.

On bank leaders are taking a stand on big policy issues:

“While it is refreshing to see that bank CEOs show a fairly globalist socially liberal point of view, it's not hard to conceive of a scenario that goes too far (and/or in the other direction), particularly on constraining legal purchasing and financing. Most Planned Parenthood locations accept major payment card brands. Bankers as the moral compass of society just doesn't sit well with me. Bank risk managers as the implementers of policy - even less so.”

Related: Why bank CEOs are speaking out on guns, DACA and global warming
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artificial intelligence hand

On how artificial intelligence will change bank jobs:

“Everyone is ‘talking book’ as they tend to say so well on Wall Street. On balance, massive amounts of jobs will be lost by the increased use of AI driven technologies, and this will not be compensated by growth elsewhere at all; this is not something anyone will readily admit, as few if any have any solutions."

Related: How artificial intelligence is reshaping jobs in banking
Rifles for sale at Vance's gun store in Columbus, Ohio.

Responding to an op-ed that cites Citigroup’s decision to change its handling of gun sales as an ethical stance:

“The author's definition of ‘ethics’ is the imposition of a political ideology that does not have the political will to be passed by the legislature. Talk about the 'ethics' of limiting legal gun owner ship to the single mother attacked in a home invasion.”

Related: Take bold steps to improve bank culture
Wells Fargo sign
A Wells Fargo & Co. sign sits on display outside the company's offices in San Francisco, California, U.S., on Tuesday, April 27, 2010. Wells Fargo & Co., the fourth-largest U.S. bank by assets and deposits, may raise its dividend once capital levels satisfy regulators and if the economic recovery continues, said Chief Executive Officer John Stumpf. Photographer: David Paul Morris/Bloomberg

On Wells Fargo’s latest brand campaign aimed to restore trust with customers:

“Nobody cares. Can show you some survey results to back that up” (via Twitter).

Related: Wells Fargo takes another stab at salvaging its image through ads
USPS.jpg
Signage is seen at the United States Postal Service (USPS) Joseph Curseen Jr. and Thomas Morris Jr. post office station in Washington, D.C., U.S., on Tuesday, Dec. 12, 2017. The USPS said it expects to deliver over 15 billion total pieces of mail this holiday season with expanded Sunday delivery operations in certain areas, delivering over six million packages each Sunday in December. Photographer: Andrew Harrer/Bloomberg

On the idea of postal banking:

“If a potential applicant for a bank charter had a long history of never earning money and was teetering on the edge of bankruptcy the FDIC would not allow the application to be filed. The number of community banks in this country has dropped from some 13,000 when I was Chairman of the FDIC to less than 6,000 today. Why would anyone think it appropriate to introduce a new taxpayer-subsidized competitor into this marketplace?”

Related: Postal banking should be a dead letter
Richard Cordray, former director of the Consumer Financial Protection Bureau.
Richard Cordray, director of the Consumer Financial Protection Bureau, speaks at a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, Jan. 31, 2012. Republican lawmakers may escalate their criticism of the U.S. over estimates that its first rule would require nearly 7.7 million employee hours of work to comply. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Richard Cordray

On the role CFPB will play in the Ohio governor's race between former Director Richard Cordray and GOP opponent Mike DeWine:

"I may live in Florida, but I plan to send a check to DeWine. We don't need Cordray in any elective office regardless of where."

Related: Trump attack on Cordray shows Ohio governor race may turn on CFPB
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