Videos tagged with MCC

This video features John and Greg Tanacea from 2A Commerce discussing how major banks are seeking to track firearm purchases through credit card transactions. They delve into topics like credit card fraud, flagged transactions, and political legislation impacting the firearms industry, including the Safer Banking Act and the Shush Act. The discussion also touches upon the importance of SEO, the challenges faced by FFLs, and the role of Merchant Category Codes (MCC). They explore how financial institutions might share data with agencies like the ATF and discuss strategies for businesses to prepare for political challenges and protect their operations. The conversation highlights the ongoing fight for Second Amendment rights and the value of standing up against perceived overreach.

This episode of Bullet Points discusses legislative successes for the firearm industry, focusing on the FIND Act and merchant code restrictions. Jake McGuigan of NSSF highlights how these initiatives combat discriminatory practices by financial institutions and credit card companies, aiming to protect firearm retailers, manufacturers, and consumers from 'woke' corporate policies and potential data tracking.

This video discusses the significant development where Senate Republicans, led by Senator Roger Marshall, are threatening Congressional action against credit card companies like Visa, MasterCard, and American Express. The companies plan to implement a new Merchant Category Code (MCC) for firearm and ammunition sales, a move senators argue constitutes backdoor gun control and infringes on Second Amendment rights. The lawmakers assert that such decisions should be made by Congress, not financial institutions or international standards organizations.

This video discusses a letter sent by 100 Republican members of the House to Visa CEO Alfred Kelly, expressing concern over the implementation of a new firearm-specific Merchant Category Code (MCC). The letter, spearheaded by Representative Elise Stefanik, questions Visa's criteria for flagging transactions, potential impacts on lawful purchases, and the circumvention of federal restrictions on firearm registries. The video highlights the role of Amalgamated Bank in pushing for the MCC and the potential for it to be used for surveillance.