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Elizabeth Warren urges banks to create new regulations for gun retailers

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  • Sam75022

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    Jun 5, 2022
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    when does this end. Next regulations will be to ban cash sales on guns?

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    dsgrey

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    Oct 25, 2015
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    Specifically states with a new MCC, credit card companies and financial institutions can better monitor suspicious activity like straw purchases.

    1) How would a CC company identify a straw purchase via a transaction?
    2) You think a CC company will build the systems or hire folks to somehow identify those?

    Sounds like a farce and the next step would be the government wanting all transactions to misuse and identify all purchases.
     

    Sasquatch

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    Apr 20, 2020
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    Maybe states like Texas need to enact state laws that prohibit discriminatory banking practices against any lawful business, including legal gun retailers and enact harsher penalties in the state law than any federal penalty. Then again - this is Warren trying to pressue private businesses to make the regulations, because she knows a federal law about such would get smacked down in the courts.
     
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