Since 2011, regulators have increased scrutiny on banks’ customers. The Federal Deposit Insurance Corp. in 2011 urged banks to better manage the risks of their merchant customers who employ payment processors, such as PayPal, for credit card transactions. The FDIC listed gun retailers as “high risk” along with porn stores and drug paraphernalia shops.
Meanwhile, the Justice Department has launched Operation Choke Point, a credit card fraud probe focusing on banks and payment processors. The threat of enforcement has prompted some banks to cut ties with online gun retailers, even if those companies have valid licenses and good credit histories.
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2 comments:
Progressive socialist will not stop until they have complete control of what are left of your freedoms. O'Malley and Obama are in concert removing your right to bear arms.
Swipe your card at the ATM, and hand the gun dealer cash. This accomplishes two goals.
1) Nobody knows what you bought with the cash
2) The dealer saves on his sales tax, and shows low income for income tax purposes.
3) The government cuts its nose off to spite its face.
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