Videos tagged with ISO 701

This video discusses a letter sent by 100 Republicans to MasterCard, questioning the implementation of new credit card codes for firearm purchases. The core argument revolves around the potential violation of fiduciary duties to shareholders by alienating a significant portion of the gun-owning population and the possibility of circumventing federal laws against firearm registries. The discussion highlights the legal and financial implications for credit card companies.

This video explains the 'why' and 'who' behind the new ISO 701 code for firearm and ammunition purchases. It identifies Amalgamated Bank as the financial institution that pushed for the code, with support from New York Attorney General Leticia James, California AG Rob Bonta, Governor Kathy Hochul, and Senator Elizabeth Warren. The core argument is that these entities leveraged corporate pressure to bypass legislative avenues for gun control.

An international organization has approved a new merchant category code (MCC) for firearm and ammunition retailers, a move driven by pressure from Democrats and certain state officials. While proponents claim it will help flag suspicious sales and reduce gun crime, critics argue it's a step towards tracking and potentially restricting legal purchases, setting a dangerous precedent for financial institutions acting as moral authorities. The code's implementation is optional for credit card companies, but political pressure is being applied for its widespread adoption.