Culture Wars/Current Controversies

Pressure mounts for credit card companies to track suspect gun sales

Pressure mounts for credit card companies to track suspect gun sales

A group of congressional Democrats is urging credit card companies to track suspect firearm and ammunition purchases as a means to identify and stop gun crime, according to a letter obtained by CBS News Thursday.

The letter, drafted by Sen. Elizabeth Warren of Massachusetts and Rep. Madeleine Dean of Pennsylvania and signed by over a dozen of their colleagues, urges the CEOs of Mastercard, American Express and Visa to back the creation of a merchant category code for gun and ammunition retailers — a measure the industry had initially resisted, according to an investigation by CBS News in June.

“The creation of a new [merchant category code] for gun and ammunition retail stores would be the first step towards facilitating the collection of valuable financial data that could help law enforcement in countering the financing of terrorism efforts,” the letter says.

READ MORE

Leave a Reply