Posted on 04/30/2018 3:48:14 PM PDT by rktman
Banks and credit-card companies are discussing ways to identify purchases of guns in their payment systems, a move that could be a prelude to restricting such transactions, according to people familiar with the talks.
The discussions are preliminary but could be deeply controversial. Gun-rights groups have long resisted any effort to monitor which Americans own guns; there are federal laws limiting the government’s use of electronic databases of gun sales.
The financial companies have explored creating a new credit-card code for firearms dealers, similar to how they code restaurants, or department stores, according to people familiar with the matter. Another idea would require merchants to share information about specific firearm products consumers are buying, some of the people said.
Such data could allow banks to restrict purchases at certain businesses or monitor them. The talks, which are informal and might not lead to any action, have occurred against the backdrop of the national debate around guns in the wake of the Parkland, Fla., high-school shooting, which left 17 dead.
(Excerpt) Read more at marketwatch.com ...
Can’t firearms be manufactured in garages, sheds, basements, attics and small factories without the government or banks being any the wiser?
I’m thinking this would be in violation of interstate commerce. Otherwise cash is king.
I made a zip gun in the late 70s
Bank are already undercover big brother spies for monetary issues. Try doing anything with 11,000 in cash. Forced Nazis will report you.
SHHHHHHHHHHHH! Don’t let on. I mean, of course they can’t.
“Can you imagine the political power the banks would wield? “
They’ve gotten immensely strong after we bailed them out.
Read the article
If you are big time drug dealer the banks will buy you dinner and handle your transactions no problem.
Any law abiding American prevented from exercising his/her Constitutional right by such a bank should sue for millions!!!!!!
Beat ya by 20 yrs!
Surely there’s some sort of exemption for them.
As a proud owner of the complete dvd Untouchables series, there was an episode where a European immigrant hand made or modified weapons to make Tommy guns (choppers).
BUT why should normal, good Americans have to act like Frank Nitti’s mob guys sneaking around to hold arms?
Criminals illegally own guns (even 14 year old “teens”)==but legal owners are on file with gun permits and addresses. Not fair.
And if the purchaser is LEO, military, etc?
Will there be a "code" for that?
How about a specific credit card that "allows" such purchases at the "offending" businesses?
When will the little six-pointed yellow stars start appearing on the credit cards for the "unqualified" peons?
Strangely familiar...
.
Fascism City.
Great post! Just added more cow bell 😉
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.