Big Finance is Coming for Your Guns

Last month, the International Organization for Standardization (ISO) approved a new merchant code that will enable the tracking of all gun purchases made with a credit or debit card.

Within days, Visa, MasterCard, and American Express publicly praised the decision and unanimously endorsed the implementation of the codes. As you might’ve guessed, nearly all of America’s major financial institutions followed suit shortly thereafter.

This policy has a glaring potential for the abuse of our right to privacy. Thankfully, Republicans are punching back.

Sens. Bill Hagerty (R-TN) and Tom Cotton (R-AR), along with 24 of their Republican colleagues, wrote a letter to Priscilla Sims Brown, President and CEO of Amalgamated Bank.

“Your bank is attempting to restrict the Second Amendment rights of Americans by going around the democratic process,” said the harshly worded letter. “These decisions demonstrate your attempt to force your political views on law-abiding Americans.”

The letter makes very clear the GOP won’t hesitate to take congressional action.

“You should consider this notice to retain all communications involving your role in ISO’s categorization scheme, and you should anticipate testifying before Congress in the near future,” reads the last sentence of the correspondence.

Amalgamated Bank, a huge donor to the Democrat Party and a ten on the “woke scale,” has been one of the biggest cheerleaders for the right to spy on gun owners.

“We all have to do our part to stop gun violence,” said Sims Brown in her announcement that the application to use the codes had been approved. She even referred to stopping illegal gun sales as her “duty” — banker by day, ATF operative by night.

Under the previous merchant category code (MCC) system, any purchase of firearms or ammo at a gun store would be marked as “general merchandise.”

Thanks to the ISO, the mastermind behind this blatant attack on the 2nd amendment, any purchase made at a gun store will be marked as a “gun store purchase.” That means if someone buys a candy bar at a gun store, they will be flagged even though they didn’t buy anything gun-related. To call it an overreach would be an understatement.

The vast majority of gun crimes in America are committed with handguns. They’re used in murders at a rate of nearly ten times more than rifles such as the AR-15.

On top of that, the U.S. Bureau of Justice Statistics found that 40% of state prison inmates admitted to illegally obtaining their firearms.

This new merchant code mandate is an unwarranted attack. Instead of combatting the gang violence making inner cities look like a scene from an old western, it’s legal gun owners in rural areas who will be the target.

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