What if the finance industry — credit card companies like Visa, Mastercard and American Express; credit card processors like First Data; and banks like JPMorgan Chase and Wells Fargo — were to effectively set new rules for the sales of guns in America? [More]I believe market opportunities will attract entrepreneurs.
Also, I'm not certain what kind of collusion is allowed under existing regulatory frameworks they all must abide by. A coordinated closing off of the entire market would seem to invite that other "progressive" policy, antitrust laws. And there's always the boycott factor, especially if all do not go along. Not to mention political pressure. For instance, JP Morgan has plenty of dealings with the feds, and why not have a political push for agencies to not use banking services that discriminate against gun owners?
We'll see.
Boy, the weasels sure want to destroy a basic right, do they not?
I have never used a credit card to buy a gun, cash only.
ReplyDeleteWhy David, in OTHER 'news'
ReplyDelete* https://www.nytimes.com/2018/02/22/business/nra-visa-card.html
Is this whole country filled with cowards now?
Operation Choke Point rides again!
ReplyDeleteAlso note that federal banking regulation have their boot squarely on the necks of "legal" (at least under state law) marijuana vendors because banks don't want to risk doing business with companies violating Federal laws. They'd just rather not risk the whole "money laundering" thing dontchaknow.