Skip to content
Sign up to receive our free weekday morning edition, and you'll never miss a scoop.
Sen. Elizabeth Warren

Democrats press Biden regulators on merchant gun codes

Democratic lawmakers led by Sen. Elizabeth Warren (D-Mass.) and Rep. Madeleine Dean (D-Pa.) called on the Biden administration’s regulators to pressure financial firms into fully implementing new merchant codes for gun purchases.

This may be the hottest culture war flashpoint for the financial sector today, and it’s a fight payment firms have been anxious to avoid. Sorry, folks.

Subscripion logo

You're seeing a preview of our Premium Policy: The Vault financial services and tax policy coverage. Read the full story by subscribing here.

Presented by The Electronic Payments Coalition

An FTC report exposes how corporate mega-stores profited off COVID price hikes while consumers paid more. Now, they want us to trust them on “savings” from credit card mandates. The FTC calls it Greedflation—we call it a scam. Don’t let them cash in again.

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.