SEP 20, 2022
(COLUMBIA, S.C.) – South Carolina Attorney General Alan Wilson has joined a coalition of 24 states alerting the chief executive officers of three major credit card companies that the recent creation of a Merchant Category Code for the processing of firearms purchases from gun stores is potentially a violation of consumer protection and antitrust laws.
In the letter to the CEOs of American Express, Mastercard, and Visa, the attorneys general say the monitoring and tracking of firearms purchases creates a “list of gun buyers” and creates the obvious risk that law-abiding consumers’ information will be obtained and misused by those who oppose Americans exercising their Second Amendment rights.
“Why would banks and credit card companies need a separate code to process gun purchases, if not to possibly track and monitor people who buy them?” Attorney General Wilson asked. “Our states will vigorously protect the rights of our citizens, including the fundamental right to keep and bear arms.”
The new code for gun stores that credit card companies intend to adopt is allegedly the result of transnational collusion between large corporations leveraging their market power to move toward their desired social outcomes. Activists allegedly pressured the International Organization for Standardization (ISO) to adopt this policy as a means of circumventing and undermining the American legislative process.
“Press releases from public officials make clear that the new merchant code was created and adopted in concert with various state actors, which may additionally create the potential for both civil and criminal liability for conspiracy to deprive Americans of their civil rights,” the coalition of attorneys general wrote. “Social policy should be debated and determined within our political institutions. Americans are tired of seeing corporate leverage used to advance political goals that cannot muster basic democratic support. The Second Amendment is a fundamental right, but it’s also a fundamental American value. Our financial institutions should stop lending their market power to those who wish to attack that value.”
To read the letter, click here.
The following states joined South Carolina, Tennessee and Montana: Alabama, Alaska, Arkansas, Arizona, Florida, Georgia, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, New Hampshire, Ohio, Oklahoma, South Carolina, Texas, Utah, Virginia, Wyoming, West Virginia.
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