GOP AG warns credit card companies to comply with new state law banning tracking of gun purchases [FOX Business Network]
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Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: FOX Business Network
A GOP attorney general is sending a warning to three of the nation's leading credit card financial institutions concerning their plans to begin complying with a new state law that bans special tagging of firearm purchases. The Tennessee Second Amendment Financial Privacy Act, which goes into effect on July 1, says "while federal law requires some financial institutions to report transactions that are highly indicative of money laundering or other unlawful activities, there is no federal or state law authorizing financial institutions to surveil and track lawful activities by customers in cooperation with law enforcement." "The creation or maintenance of records of purchases of firearms or ammunition or the tracking of sales made by a retailer of firearms or ammunition by a nongovernmental entity, including a financial institution, without a substantial and historical business need or a requirement imposed by law, may frustrate the right to keep and bear arms and violate the reaso
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MA
Earnings
- 5/1/24 - Beat
MA
Sec Filings
- 6/28/24 - Form 8-K/A
- 6/27/24 - Form 4
- 6/26/24 - Form 4
- MA's page on the SEC website