Tennessee, Montana Lead State Coalition Against Banks, Credit Card Companies Tracking and Monitoring Firearm Purchases
Nashville - Attorney General Jonathan Skrmetti along with Montana Attorney General Austin Knudsen is leading 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.
“Giant financial companies must not use their combined market power to circumvent our representative democracy,” said Tennessee Attorney General Jonathan Skrmetti. “As Attorney General, I protect the people of Tennessee from corporate collusion that threatens to undermine their constitutional rights. Working together with my colleagues from other states, we will marshal the full scope of our lawful authority to stop this abuse.”
“It’s extremely disappointing to see credit card companies cave to pressure from international bodies and adopt this measure that will do nothing to improve public safety,” Attorney General Knudsen said. “Instead, it invites potential future invasions of consumer privacy and further coordination between corporations and government agencies to erode Americans’ fundamental right to keep and bear arms.”
The new code for gun stores the credit card companies intend to adopt is the result of transnational collusion between large corporations leveraging their market power to further progress toward their desired social outcomes. Activists 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: https://www.tn.gov/content/dam/tn/attorneygeneral/documents/pr/2022/pr22-36-letter.pdf
The following states joined 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.