Page 3 - Merchant Category Code News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Titled the “Second Amendment Financial Privacy Act,” the bills would prohibit a financial institution operating in Alabama from “requiring merchants to use a merchant category code (MCC) to distinguish a firearms retailer from a general merchandise retailer or a sporting goods retailer during a firearms transaction amounting to financial surveillance and from disclosing financial information regarding the transaction.”

Digital Rupee transaction: The Reserve Bank of India has proposed that CBDC (Central Bank Digital Currency) or, the eRupee, to be accessible to broader sectors of customers.

States are lining up to pass legislation that prevents the government from invading financial privacy when consumers purchase firearms and ammunition from retailers.

Yesterday, a Kentucky bill that bans the use of a credit card merchant code that would enable the tracking of firearm and ammunition purchases became law without a signature from Gov. Andy Beshear.

Titled the "Second Amendment Financial Privacy Act,” the bill would prohibit any financial institution operation in the state from requiring or permitting "the assignment of a firearms code in a way that distinguishes a firearms retailer from other retailers."