
Universal background checks and 30-day waiting period for credit cards.
Via Daily Caller:
The New York Times published an article on Monday suggesting that credit card companies surveil cardholders who purchase firearms.
The NYT piece, authored by Andrew Ross Sorkin, noted that a number of mass shooters purchased their weapons and ammo using credit cards. Banks are required to alert federal authorities to purchases exceeding $10,000, but there are rules preventing them from seeing precisely what goods users are purchasing.
Nonetheless, NYT’s Sorkin suggests that banks track purchases at sporting goods stores and gun shops and prevent cardholders from purchasing multiple firearms “in a short period of time” and report unusual spending patterns.
Nick Confessore, another NYT reporter, insinuated that banks and credit card companies have some responsibility for mass shootings because they “financed” them.
“Banks already have to report suspicious transactions; it would be easy to also report aberrant gun purchases by a possible mass shooter,” Joe Nocera, a Bloomberg Opinion writer.
