DispositionMatrix
NES Member
How a 'Cashless' America Could Become 'Gunless'
DiNapoli suggested that these companies should consider whether gun transactions should be classified with restricted high-risk purchases like pornography, illicit drugs, and crypto-currencies. "If gun violence continues unabated in society," he wrote, "public outcry ... may grow and create significant financial risk for the company."
DiNapoli suggested that these companies look into implementing ways to block credit card purchases of firearms, ammunition, and gun accessories. The implied threat was clear: stop extending credit to gun- and ammo-buyers, or risk having New York State investment money taken away from your bank or credit company because the left wants to ban guns.
The federal government has already tried such intimidation, as Craig R. Smith and I explained in our 2014 book Don't Bank On It! The Unsafe World of 21st Century Banking. President Barack Obama implemented "Operation Choke Point," which threatened regulatory problems for financial institutions that did not withhold banking and credit services from firearms and ammunition-sellers, among others. Such sellers were to be cut off even if they had never been found guilty of any criminal wrongdoing.