Videos tagged with Financial Regulations

Langley Outdoors Academy discusses Discover Card's upcoming implementation of specific merchant category codes for firearms and ammunition purchases, effective April. This move, influenced by political pressure and 'woke' banks, will allow for tracking of these transactions. The video encourages Discover cardholders to cancel their cards in protest of potential privacy violations and the tracking of Second Amendment-related purchases, noting Visa, Mastercard, and American Express have not yet committed to similar codes.

This video from Guns & Gadgets discusses the recent approval of a new Merchant Category Code (MCC) for gun and ammunition sales by the International Standards Organization (ISO), following a petition from Amalgamated Bank. The speaker, an expert on Second Amendment issues, expresses strong concerns that this code will be used by credit card companies like Visa, American Express, and Mastercard to track and potentially flag legal firearm purchases, viewing it as an infringement on constitutional rights. The video highlights quotes from Amalgamated Bank CEO Priscilla Sims Brown, NY Governor Kathy Hochul, and NY Attorney General Letitia James, who support the code as a tool to combat gun violence, while the speaker argues it unfairly targets law-abiding citizens and advises using cash for purchases.