Stay updated with breaking news from Merchant Category Code. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Titled the Second Amendment Financial Privacy Act, the legislation would prohibit a financial institution operating in Texas from requiring or assigning a firearms code. A firearms code is defined as "any merchant category code approved by the International Organization for Standardization for a firearms retailer, including Merchant Category Code 5723."
The bill simply states that “a financial institution may not require a firearms retailer in this state to use a firearms code that is different from that of a general transaction.”
Titled the Second Amendment Financial Privacy Act, the law prohibits a financial institution or its agent from requiring the usage of a firearms code in a way that distinguishes a firearms retailer physically located in the state of Mississippi from general merchandise retailers or sporting goods retailers.
TALLAHASSEE, Fla. (April 14, 2023) – On Monday, a Florida House committee passed a bill that would prohibit financial institutions operating in the state from using a credit card merchant code that would enable the tracking of firearm and ammunition purchases. The House Commerce Committee and the House Regulatory Reform & Economic Development Subcommittee along
Mississippi Gov. Tate Reeves is being applauded by Second Amendment advocates and the firearms industry for signing legislation that prohibits credit card companies and other financial institutions fr...