Washington Times: Congress to rein in Obama’s targeting of gun retailers

Republican lawmakers accused the Obama administration Monday of overreach in its stringent scrutiny of industries it considers “high risk,” saying legislation may be needed to rein in a regulation regime that has targeted gun retailers, who complain that federal action is limiting their access to banks and squeezing them out of business.

Rep. Blaine Luetkemeyer, Missouri Republican and vice chairman of the House Committee on Small Business, noted that the Federal Deposit Insurance Corp. has directed banks to apply extra scrutiny to “high risk” businesses — such as gun sellers, pornography shops and drug paraphernalia stores — that use payment processors such as PayPal for credit card transactions.

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