Washington — The Supreme Court on Thursday ruled in favor of the National Rifle Association in a dispute over whether its free speech rights were violated when the top financial regulator for New York state pushed banks and insurance companies to sever ties with the gun rights group.
In the wake of the 2018 shooting at a high school in Parkland, Florida, Vullo issued guidance letters that urged entities regulated by the Department of Financial Services to 'continue evaluating and managing their risks, including reputation risks,' that may arise from their dealings with the NRA or similar gun rights organizations.Some banks and insurance companies did cut ties with the NRA, which in turn sued the department.
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