Arkansas AG says banks & credit card companies are classifying gun transactions

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Attorney General Leslie Rutledge joined a coalition of 24 states in alerting the chief executive officers of multiple banks and major credit card companies that classifying firearm transactions into a newly created Merchant Category Code is potentially a violation of consumer protection law and antitrust law.

Rutledge says “attempting to document when law-abiding Americans choose to exercise their Second Amendment right is a flagrant attack on consumer privacy. This action by banks and credit card companies must stop immediately.”

In the letter to the CEOs of American Express, Mastercard and Visa, the attorneys general argue that monitoring and tracking firearm purchases creates a “list of gun buyers” which would present great risk to law-abiding consumers if the list were obtained and misused by those who oppose the Second Amendment.

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