Videos tagged with Merchant Category Codes
This video discusses new laws in California requiring credit card companies to use special retail codes for gun stores, enabling tracking of firearm sales. It contrasts this with laws in states like Georgia, Iowa, Tennessee, and Wyoming, which prohibit such tracking. The speaker argues these codes are a backdoor method to create a gun registry and do not deter criminals, while potentially flagging legal purchases for investigation.
Iowa has enacted the Second Amendment Privacy Act (House File 2464), signed by Governor Kim Reynolds. This law protects the privacy of financial information for individuals purchasing firearms and ammunition. It specifically prohibits financial institutions from using firearm-specific Merchant Category Codes (MCCs) for these transactions and prevents discrimination against firearm retailers based on MCC assignment. The act also prohibits the creation of private firearm ownership registries.
This video discusses a letter from Jim Jordan, Chairman of the House Judiciary Committee, to FINCEN. The letter alleges that FINCEN urged financial institutions to monitor customer transactions for suspicious activity, including purchases related to political or religious expression, and flagged terms like 'MAGA' and 'Trump'. The committee is investigating the potential violation of civil liberties through this financial surveillance.











