“A bank could say, ‘We’re not going to do business with gun manufacturers,’” said a former member of the Federal Reserve board of governors…
(Zero Hedge) Following the deadly Valentine’s Day shooting in Parkland, Fla., banks and credit card companies considered blocking consumers’ gun purchases as corporate America engaged in a marathon virtue-signaling session to prove to their customers that they too care about the lives of students being endangered by gun violence.
Of course, these bans would’ve likely been temporary. Banks could’ve quietly withdrawn the restrictions once the public furor quieted down.
However, some banks and credit card companies are now considering a more permanent move that would transform them into foot soldiers in the deep state’s push to create a register of all gun owners.
The Wall Street Journal reported Monday that some lenders are now discussing ways to identify purchases of guns through their payment systems.
This would effectively transform them into tools of the intelligence services by monitoring virtually all gun sales at sporting goods stores and other merchants that aren’t transacted in cash.
As WSJ explains, card networks like Visa and Mastercard can request approval for what’s called a merchant category code – or MCC – a protocol that’s governed by a Switzerland-based nonprofit. The code can be applied to gun merchants so that banks can flag new gun purchases using their credit cards.
The lenders are still discussing what types of merchants would receive the new code. Would it be all gun sellers? Or just sporting-goods merchants but not companies like Wal-Mart that primarily sell other products…