An Idea: Banks Could Control Gun Sales if Washington Won’t [The New York Times]
Bank of America Corporation (BAC)
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Source: The New York Times
“We do not believe permitting the sale of firearms on our platform is consistent with our values or in the best interests of our customers,” a spokesman for Square told me. The big financial firms don’t even have to go that far. For example, Visa, which published a 71-page paper in 2016 espousing its “corporate responsibility,” could easily change its terms of service to say that it won’t do business with retailers that sell assault weapons, high-capacity magazines and bump stocks, which make semiautomatic rifles fire faster. (Even the National Rifle Association has said it would support tighter restrictions on bump stocks.) Photo There is precedent for banks barring customers from using their credit cards for certain purchases: JPMorgan Chase, Citigroup and Bank of America do not allow their cards to be used to buy virtual currencies. Credit Woohae Cho for The New York Times If Mastercard were to do the same, assault weapons would
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