The international organization responsible for creating merchant category codes for credit card purchases has given its approval to establish one for transactions made at gun stores.
The International Organization for Standardization’s Registration and Maintenance Management Group met on Wednesday to discuss a request made by Amalgamated Bank to set up such a code.
An ISO spokesperson told The Center Square that RMMG members could not decide whether to approve the application. That elevated the discussion to the ISO leadership that oversees standards for retail financial services.
Woke retailers like Home Depot, Kroger, and Walmart are asking Congress to pass their own special smash and grab worth billions of dollars by mandating changes to how credit cards are processed.
Joining forces with far-left Democratic Senate Majority Whip Dick Durbin of Illinois, retailers are seeking changes in federal law threatening rewards programs that many consumers use to take some of the sting off of the high cost of everything from food and gas to furniture and travel.
As President Biden and Democrats in Washington debate trillions of dollars in new government spending, Tennesseans would be wise to hang onto their wallets. And now thanks to a new proposal being discussed by Sen. Dick Durbin (D-IL) and other progressives like Sen. Bernie Sanders (I-VT), Tennesseans would be wise to hold onto their credit cards too.