US Senator Warren renews call for gun sale code regulation [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
direct the use of a payment code for firearms retailers, citing conflicting new state laws on the matter, a March 27 letter seen by Reuters shows. A total of 33 U.S. senators and representatives urged regulators including U.S. Treasury Secretary Janet Yellen to issue guidance for banks and payment networks to implement a new "merchant category code," or MCC, approved by an international standards body in 2022. WHY IT'S IMPORTANT New federal guidance could resolve what, if any, new information payment networks should collect from firearms retailers. Payment card companies including Visa and Mastercard have paused much of their work to implement the new code, citing regulatory uncertainty. CONTEXT Laws passed by U.S. Republicans in at least seven states limit the use of the new code over concerns that it could be used to infringe upon gun rights enshrined in the U.S. Constitution's Second Amendment. Meanwhile, California has passed a law to promote its use and a similar bill
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MA
Earnings
- 1/31/24 - Beat
MA
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- MA's page on the SEC website