Banks and Credit Card Giants Team Up to Track Gun Purchases

Last month, gun control advocates hailed the creation and adoption of a new sales code targeted at identifying purchases made at U.S. gun stores. The code was promoted as a way to help banks and credit card companies identify and “recognize dangerous firearm purchasing trends,” thus improving public safety. It won’t.

If anything, this new system, which is susceptible to widespread abuse, could have dangerous consequences. Thankfully, Republican members of Congress are taking steps to resist its implementation.

Republican Sens. Bill Hagerty and Tom Cotton announced that they led a group of Senate Republicans in penning a letter to Amalgamated Bank President and CEO Priscilla Sims Brown “criticizing the bank’s manipulation of an international rules organization to force U.S. financial services firms to categorize gun purchases.” Read more…

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