Similar Stories to Why This Bank Ceo Likes The Gun Code That Is Making Credit Card Companies Skittish on Bing News

On March 9, the major U.S. credit card companies, Visa, Mastercard, and American Express, announced that they were not going ahead with implementing a new code that identifies purchases from gun stores as different from purchases from big-box or other outdoor stores. The code, approved in September 2022 by the International Organization of Standardization (ISO), which regulates the international protocols by which credit companies abide, has been the subject of intense criticism from Republican lawmakers. The new classification was first proposed in 2021 by Amalgamated Bank, a 100-year-old U.S.

BING NEWS:
  • Governors Sign Bills Barring Credit Cards From Tracking Gun Sales
    The governors of Indiana and Utah recently signed bills prohibiting credit card companies from tracking firearm and ammunition purchase information in their states. Such laws are designed to protect ...
    04/30/2024 - 1:37 pm | View Link
  • Alabama lawmakers pass bill to ban card companies from tracking gun purchases
    Alabama lawmakers gave final passage Tuesday to a bill to prohibit credit card companies from requiring the use of a code that distinguishes firearms purchases from other transactions SB281 by Sen.
    04/30/2024 - 1:00 pm | View Link
  • Lee signs bill preventing credit card codes for firearms store sales
    Credit card companies and banks in Tennessee cannot use a separate code to designate sales at firearms retailers in the state after Gov. Bill Lee signed ...
    04/24/2024 - 5:19 am | View Link
  • More

 

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