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Wells Fargo contributes to gun-loan company, nabbing customer

Wells Fargo contributes to gun-loan company, nabbing customer

Wells Fargo is doubling straight down in the weapon industry, undaunted by critique of the deep ties to firearm organizations therefore the nationwide Rifle Association.

The San bank that is francisco-based week issued a $40 million personal credit line to weapon maker Sturm, Ruger & Co., based on economic filings. That is together with the $431 million with debt that Wells Fargo has arranged for gunmakers since 2012, when the Sandy Hook school shooting escalated the gun control debate december.