Tennessee Attorney General Jonathan Skrmetti sent a letter to the CEOs of American Express, Visa, and Mastercard inquiring about the companies’ plans to comply with a state law set to take effect in the Volunteer State on Monday, July 1 concerning financial transaction data associated with firearm and ammunition purchases.
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A bill passed by the Tennessee General Assembly prevents credit card companies from monitoring and tracking gun purchasers through merchant category codes (MCCs).Â
HB 2762, also known as the Second Amendment Financial Privacy Act, was sent to Republican Gov. Bill Lee’s desk last week.Â
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Several large credit card companies are taking steps to track gun purchases in California with a new code, CBS News reported on Monday.
American Express, Visa and Mastercard are working on putting a merchant code in place for firearm and ammunition stores, CBS News reported. They are doing this to adhere to a California law that could enable banks to monitor certain gun purchases that are deemed suspect to forward to law enforcement agencies, which Second Amendment advocates have pushed back against.
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