Mystery Economic Theater 2021

[Dr Sardonicus]

Trump Regulator's Rule Would Force Banks To Lend To Gun-Makers And Oil Drillers

The Trump administration is trying to push through a last-minute rule that could force banks to offer loans to gun-makers and oil exploration companies or to finance high-cost payday lenders.

The move follows announcements by the biggest U.S. banks that there are some industries and activities they don't want to finance, such as drilling for oil in Alaska's Arctic National Wildlife Refuge or making loans to gun manufacturers who make assault-style weapons. Some major banks have sworn off making those loans.

[axn]

Wouldn't this run into forced speech / first amendment issues?

[Dr Sardonicus]

Originally Posted by axn

Wouldn't this run into forced speech / first amendment issues?

I'm not sure about free speech, but I imagine it will run into some legal issues. Possibly something based on "substantive due process," which basically means that laws should forward the legitimate aims of government.

But my guess is, the new Administration will deep-six the new rule.