Nashville – Attorney General Jonathan Skrmetti along with Montana Attorney General Austin Knudsen is leading a coalition of 24 states alerting the Chief Executive Officers of three major credit card companies that the recent creation of a Merchant Category Code for the processing of firearms purchases from gun stores is potentially a violation of consumer protection and antitrust laws.
In the letter to the CEOs of American Express, Mastercard, and Visa, the attorneys general say the monitoring and tracking of firearms purchases creates a “list of gun buyers” and creates the obvious risk that law-abiding consumers’ information will be obtained and misused by those who oppose Americans exercising their Second Amendment rights.
“Giant financial companies must not use their combined market power to circumvent our representative democracy,” said Tennessee Attorney General Jonathan Skrmetti. “As Attorney General, I protect the people of Tennessee from corporate collusion that threatens to undermine their constitutional rights. Working together with my colleagues from other states, we will marshal the full scope of our lawful authority to stop this abuse.”