An international standards body has voted to approve a measure that will allow credit card companies to track transactions at firearm dealers, in the same way that they already track sales at most other types of retailers.
, New York City Mayor Eric Adams, and city Comptroller Brad Lander. Many of them celebrated the news on Friday.
Hochul said she was “grateful to the business leaders who stepped up and joined the fight to protect public safety — here in New York and across the nation.”This is a smart, common-sense measure that will track suspicious gun and ammunition sales — saving lives and making our cities safer.for different types of retailers. There are unique codes for many kinds of stores and service providers, including sporting goods stores, women’s accessory stores, and shops for candy, nuts, and confectionery.
The campaign to use this little-known financial tool to target gun violence has been years in the making, stemming from the efforts of New York-based Amalgamated Bank, which Now that the International Organization for Standardization has approved Amalgamated’s application, it will be up to individual financial institutions to decide if they want to use it. Otherwise, they can continue to lump gun dealers into the “miscellaneous” and “durable goods” categories.
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