Daily News: April 25, 2013

GE Capital Halts Lending to Gun Shops

The Wall Street Journal, Forbes, CNN and many other news services are reporting that GE Capital has halted its lending program for purchases from gun shops. According to these news sources, the company sent letters to shops notifying them that the program would be terminated for future purchases.

The move was the result of “a more rigorous audit process… in light of industry changes, new legislation and tragic events that have caused widespread reexamination of policies on firearms,” GE Capital spokesman Russell Wilkerson said in an e-mail, according to the news sources.

To read the entire Forbes news release, click here.