Bank CEO comes out in favor of tracking gun purchases on credit cards

[old lady new shooter]

So CNBC is reporting that the CEO of some bank I never heard of has come out for banks to be able to track gun purchases. She dismisses the argument about general merchandise stores that also sell firearms by saying some stores have both a pharmacy and a grocery and they have different credit card codes for each. (Never mind that even a dedicated gun store usually sells merchandise other than guns per se, e.g. gun cleaning accessories, cases, maybe holsters...)

Here's the link:
https://www.cnbc.com/2022/07/13/bank-ceo-on-why-we-can-and-should-track-gun-purchases-on-cards-.html

 

[NIGHTLORD40K]

Just another CEO playing woke global activist and wanting to spy upon/track/control you for the good of "society."

 

[tarosean]

Cash is king.. Screw them

 

[Heir Kommt Die Sonne]

What, they gonna track adult/sensual (websites, entertainment, intimacy items, etc) purchases as well? What about medical purchases? What makes guns exempt from the right of privacy that these other ones dont have?

Even if we need to track a gun used in a crime, there's plethora of other ways to track this. Like serial number and website history. There's no reason to track peoples money purchases for this stuff.
But these people continue to act like buying firearms online is just like It ships straight to your door.

 

[tarosean]

So if I buy a Yeti or a Glock from a sporting goods store. how does this company know the difference? I don't believe they do

 

[Mark_Mark]

anybody else here never bought a gun online and only pay cash at LGS. That’s my prefer method to avoid my conspiracy theory mind from wondering

 

[Hartkopf]

I made a purchase at a large discount store and later checked my credit card statement online. After clicking on the purchase, a complete list of what I bought in that store popped up.

I would not be even slightly surprised that every item you buy on cc is recorded and linked to you. We have some of the most powerful computers in the world and some of them are for collecting data on us.


The bank ceo in the OP is probably just starting the desensitization process for what they’re already doing.

 

[hso]

Bank CEO

Who? Which bank?

 

[NIGHTLORD40K]

Who? Which bank?

Uh, its literally in the first bullet point of the article.

 

[Plan2Live]

If this becomes a thing then either pay with cash, a prepaid credit card or gift card. Problem solved.

With that said, how many people will complain about this breach of privacy then immediately post online, even on sites like this one, bragging about their newest purchase? I seem to recall a particular thread here with lots of posts about the last gun people bought. If I was a double naught spy compiling a gun purchase list for the gubmint that thread would be a goldmine.

 

[NIGHTLORD40K]

Cash is king.. Screw them

Dont think for a second that they aren't working overitme to eliminate cash. Look at how many businesses refused to accept it during COVID for "health" reasons. India actually DID eliminate it, briefly- but they jumped the gun on the technology and had to bring it back.

Big business hates cash because it costs them to keep it, pay someone to handle it, and deposit it. Banks hate it for the same reason. Government hates it because they can't track, tax, seize, or freeze it.

Financial freedom is anethma to the goals of the NWO, and cash IS freedom- so it must be destroyed.

 

[Ironicaintit]

anybody else here never bought a gun online and only pay cash at LGS. That’s my prefer method to avoid my conspiracy theory mind from wondering

If that's what you do, you're already there.

-sent from my Alcoa hat

 

[herrwalther]

There website reads like a socialist's dream sheet. " America's most socially responsible bank" is all you really need to know.

 

[hso]

article

Doh!

 

[bdickens]

There website reads like a socialist's dream sheet. " America's most socially responsible bank" is all you really need to know.

I prefer that my financial institutions be fiscally responsible.

 

[Mark_Mark]

If that's what you do, you're already there.

-sent from my Alcoa hat

Aluminum can’t block much anymore. faraday cage hats are the new rage

 

[kidneyboy]

anybody else here never bought a gun online and only pay cash at LGS. That’s my prefer method to avoid my conspiracy theory mind from wondering

I don't even have a credit card. Gave those up before I retired.

 

[Mark_Mark]

I don't even have a credit card. Gave those up before I retired.

heck YEAH! I would too but the wife likes the cash back. She knows I love cash over credit for the reason of tracking my gun buys! And Who don’t love a good Private Party Sale! (not permitted anymore in Washington state, we have Universal background)

 

[herrwalther]

I prefer that my financial institutions be fiscally responsible.

Yeah. Can you imagine that email? "Our servers were hacked and we lost the personal data for all our customers but at least we are socially responsible and track firearm purchases while using eco friendly paper in bank statements!"

 

[czhen]

To some parallelism, every time I pass by to a Dick's store and buy nothing a tiny smile stay in my face.

 

[old lady new shooter]

What, they gonna track adult/sensual (websites, entertainment, intimacy items, etc) purchases as well? What about medical purchases? What makes guns exempt from the right of privacy that these other ones dont have?

Even if we need to track a gun used in a crime, there's plethora of other ways to track this. Like serial number and website history. There's no reason to track peoples money purchases for this stuff.
But these people continue to act like buying firearms online is just like It ships straight to your door.

She doesn't just mean online. She means any purchase using a credit card.

 

[N555]

Never heard of them.
Probably a money laundering front.

 

[Ignition Override]

Ignore such comments from higher-profile (if so) CEOs and politicians.

They often need a distraction from their actual problems and failures. Some of them simply laugh like a hyena.

When they 'conveniently' use the word "gun" in a weird or vague manner, if often means that they are very soft on crime.

 

[CDW4ME]

I've charged hundreds in ammo, bought guns at gun stores that don't charge a 3% fee (if they do charge a fee, I'll pay cash) no problem.
I thought it funny when my wife used the card at either a cosmetics store or bakery for a small amount and I got a text to verify the charge.
Card knows I like guns & ammo, not makeup or bakery.

 

[kwguy]

This information is already out there and accessible.