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Senator Mike Crapo, a Republican from Idaho and chairman of the Senate Banking, Housing and Urban Development Committee. Photographer: Andrew Harrer/Bloomberg

A key Republican lawmaker called out Citigroup Inc. and Bank of America Corp. for their decision to restrict business with the firearms industry.

Senate Banking Committee Chairman Mike Crapo, whose committee writes banking laws and oversees Wall Street’s regulators, wrote to the chief executive officers of both banks last week. He criticized the firms for using their size and reach to influence social policy and demanded to know how they collect information about consumers who buy guns.

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