Peter Weinstock Explains Banking Industry’s Discretion in Dealing with FDIC-Listed ‘High Risk’ Clients

Targeted? Gun Sellers Say 'High Risk' Label from Feds Cuts Off Banking Options, Restricts Business

The Washington Times

To the banking industry, Obama’s administration has “very clearly” outlined the groups considered to “represent reputational risk to do business with,” according to Peter Weinstock. Thus, financial institutions are being “ultra-conservative” regarding the clients they choose to keep or drop. Weinstock’s practice focuses on corporate and regulatory representation of a wide range of financial institution franchises.