{"id":1654834,"date":"2022-09-23T08:49:54","date_gmt":"2022-09-23T12:49:54","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1654834"},"modified":"2022-09-23T08:50:14","modified_gmt":"2022-09-23T12:50:14","slug":"bank-chiefs-grilled-on-restricting-gun-sales-via-firearm-specific-merchant-codes","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bank-chiefs-grilled-on-restricting-gun-sales-via-firearm-specific-merchant-codes\/","title":{"rendered":"Bank Chiefs Grilled On Restricting Gun Sales Via Firearm-Specific Merchant Codes"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbank-chiefs-grilled-on-restricting-gun-sales-via-firearm-specific-merchant-codes%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1654834&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>All seven <a href=\"https:\/\/www.theepochtimes.com\/t-bank\">bank<\/a> chiefs testifying before Congress on Thursday committed to upholding the <a href=\"https:\/\/www.theepochtimes.com\/t-second-amendment\">Second Amendment<\/a> by promising not to restrict sales of guns following the adoption of new <a href=\"https:\/\/www.theepochtimes.com\/t-firearm\">firearm<\/a>-specific transaction codes that have sparked concern over whether the tracking data might be used by payment processors to curb sales of guns and ammunition.<\/p>\n<p>The CEOs made the pledge while responding to Sen. Kevin Cramer (R-N.D.), who pressed the heads of America\u2019s biggest retail banks for a commitment to protect and process all transactions for legal goods and services\u2014including guns\u2014in light of what he described as political pressure to legislate social policy through corporate boardrooms instead of through the democratic processes.<\/p>\n<p>Cramer said that the adoption of the new firearm-specific Merchant Category Codes (MCC) for gun and ammunition stores was foisted on the International Organization for Standardization (ISO) by liberal activists.<\/p>\n<p>Major U.S. credit card companies have announced that they would implement the firearm-specific category codes, a move that <a href=\"https:\/\/www.theepochtimes.com\/24-attorneys-general-demand-credit-card-companies-drop-plans-to-track-gun-sales_4744733.html\">was criticized<\/a> by gun rights groups and two dozen Republican attorneys general as invasive, unfair, and ineffective at bolstering public safety.<\/p>\n<p> Protecting All Legal Transactions <\/p>\n<p>In light of the controversy surrounding the new gun-specific codes, which U.S. banks have committed to using, Cramer asked the chiefs to take a stand on protecting Americans\u2019 Second Amendment rights.<\/p>\n<p>\u201cI want to ask each of you\u2014as the carriers, as the acquirers, as the facilitators that are providing the capital\u2014can you commit in front of this committee, and the pay-per-view audience that\u2019s listening and watching, that your bank will process all transactions for the purchase of legal goods and services, and I might add constitutionally protected goods?\u201d the Republican senator asked.<\/p>\n<p>All seven bank CEOs responded in turn, each committing to processing all transactions of legal goods and services, including firearms and ammunition.<\/p>\n<p>Cramer pressed Citigroup CEO<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All seven bank chiefs testifying before Congress on Thursday committed to upholding the Second Amendment by promising not to restrict sales of guns following the adoption of new firearm-specific transaction codes that have sparked concern over whether the tracking data might be used by payment processors to curb sales of guns and ammunition. The CEOs [\u2026]<\/p>\n","protected":false},"author":118,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1654834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1654834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1654834"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1654834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1654834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1654834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1654834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}