Credit Card Companies Were Ready To Track Gun Purchases. Gun Advocates Got Them To Back Down.

After gun control advocates persuaded credit card companies to use a new merchant category code (MCC) to help track gun purchases, gun advocates fought back and got the credit card companies to back down.

At the end of August 2022, New York City Mayor Eric Adams, New York City Comptroller Brad Lander, and trustees of the New York City Employees’ Retirement System, Teachers’ Retirement System, and Board of Education Retirement System urged American Express, MasterCard, and Visa to support establishing a merchant category code (MCC) for gun and ammunition stores.

In September 2022, Amalgamated Bank announced its application to the International Standards Organization for a new merchant category code (MCC) for gun and ammunition stores had been approved.

Guns by Maxim Potkin is licensed under Unsplash

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