Credit card companies explore ways to track gun purchases

Credit card companies explore ways to track gun purchases

[Ed. — Big brother]

Banks and credit-card companies are exploring methods to identify gun purchases in a possible prelude to restricting those transactions, according to a Monday report in the Wall Street Journal.

While the companies have not finalized any policy changes, they are discussing the possibility of implementing purchase codes for gun retailers, similar to those linked to credit-card purchases at restaurants and department stores. Another policy that is reportedly under consideration would require gun retailers to share with the companies information about what specific products consumers are buying.

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Corporations in general, and financial institutions in particular, have come under intense scrutiny in recent months as gun-control advocates increasingly call for policy changes intended to curb gun violence. In the aftermath of the Parkland shooting, Citigroup implemented a new code of conduct for clients operating in the gun industry, which requires that retailers confine purchases to those over 21, among other restrictions.

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