Republican AGs Tell Credit Card Cos To Drop Plan to Track Gun Sales
View Source | September 21, 2022 9:59 pm
- American Express, MasterCard and Visas announced earlier this month that they would begin tracking firearm purchases, a move Republicans have warned may lead to infringements on gun rights.
- “The Second Amendment is a fundamental right, but it’s also a fundamental American value. Our financial institutions should stop lending their market power to those who wish to attack that value,” the attorneys general said in the letter to companies.
- A key driver of the push is the Amalgamated Bank, a union bank, which has advocated for the creation of a new merchant category code (MCC) to monitor transactions involving guns.
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