Gun law advocates hail new credit card code as a way to cut down on suspicious sales

cnbc ^ | 9/12/2022 | stefan sykes

[Obadiah]

Priscilla Sims-Brown is CEO of Almalgamated Bank. She is the one who pressed the credit card companies into tracking legal gun sales.

Oh yeah, Priscilla Sims-Brown is also a member of the Clinton Foundation. Imagine that.

[Huskrrrr]

Big Brother is coming for your guns.

[Thommas]

So? Just what constitutes a suspicious sale? Maybe the Feds will keep a record of any these sales just in case..?

[ExSES]

Pay in cash??

[ridesthemiles]

Just Pay CASH.

[Quality_Not_Quantity]

Why is the business of the banking industry to monitor legal commercial activities? I thought investigation and enforcement were activities relegated to government.

[coloradan]

How does coding a transaction flag it as suspicious?

[GaltMeister]

So what if the gun stores and FFL’s use ACH instead?

[Red Badger]

It won’t cut down on a damn thing....................

[butlerweave]

The democrats are building a Gun Registry

[rktman]

DOH! And if you have to, get a cash advance on visa, MasterCard or amex to complete the deal. 😂🙌🔫

[DoughtyOne]

I think it means they can quickly flag those purchases for
the government, give them a list of who’s naughty and nice,
according to their values.

[BBQToadRibs2]

I think it’s a little less nefarious than what it’s being made to be. There’s already hundreds of merchant codes breaking everything you charge down into all kinds of categories.

https://www.dm.usda.gov/procurement/card/card_x/mcc.pdf

[CodeToad]

Liberals seem to think credit card companies are either going to become cops or give all your information to cops.

[themidnightskulker]

Form 4473 is a Federal background check.

If the feds do not see a problem with the sale, busy bodies shouldn’t have a problem either.

This is a violation of the 2nd Amendment because is is business attempting to restrict Rights at the request of Government.

[CodeToad]

“How does coding a transaction flag it as suspicious?”

Obviously, they intend to share all your information with the government who will analyze purchases and try to harass you for buying guns.

[Fido969]

I think just about all gun sales on credit cards are legit sales. That’s who they are targeting.

[ealgeone]

And whatcha bet she owns a gun?!

[rlmorel]

Yep. Because we know, only criminals with violent intent use their credit cards to purchase firearms.