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The Fox News Rundown

"A Right To Privacy": Credit Cards Companies To Track Gun Purchases

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.41.7K Ratings

🗓️ 14 February 2024

⏱️ 33 minutes

🧾️ Download transcript

Summary

American Express, Visa, Mastercard, and other major credit card companies will soon allow banks to monitor customer firearm and ammunition purchases, potentially allowing these companies to flag suspicious purchases and report them to law enforcement. Supporters of the law—currently in effect in California and being weighed in other states—say this will help identify suspicious purchase patterns to stop mass shootings, but Second Amendment proponents would have their privacy infringed upon. On the Rundown, retired ATF executive Scott Sweetow and Montana Attorney General Austin Knudsen join to discuss what this law means for the rights of gun owners, their privacy, and the "precarious position" it puts these private companies in. Inflation isn't coming down as quickly as economists predicted. However, it is not nearly as high as it once was, with White House press secretary Karine Jean-Pierre telling reporters that the Biden administration is working to bring it down even more. Yet, many Americans still feel like they are still paying more for everyday goods and putting more necessities on their credit cards. Senior fellow at the Heritage Foundation and Trump 2024 campaign adviser, Stephen Moore, joins the Rundown to discuss how inflation continues to impact the country and explain why many Americans are finding themselves in a dangerous debt cycle. Plus, commentary by Jason Rantz, Host of the Jason Rantz Show and author of "What's Killing America." Photo Credits: Associated Press Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:26.0

I'm David Asman.

0:30.1

I'm Janice Dean.

0:31.1

I'm Jimmy Phela, and this is the Fox News rundown.

0:34.0

Wednesday, February 14, 2024.

0:40.0

I'm Jessica Brozenthall.

0:42.0

California says financial institutions have to track their

0:45.8

residence gun purchases and now credit card companies are apparently gearing up for

0:50.7

the effort. This is not East Germany. This is America. We have a right to privacy in this country and you can buy whatever you want as long as it's done legally.

0:59.0

I'm Dave Anthony.

1:01.0

Inflation isn't coming down as fast as economists predicted.

1:05.0

After all those fed rate hikes that drove up interest rates and credit card debt.

1:10.0

I don't want to see a recession. People lose their jobs. It caused a lot of financial stress for people.

1:15.0

I think we can hopefully skate our way out of this.

1:19.3

And I'm Jason Rants. I've got the final word on the Fox News rundown.

1:23.0

Credit card companies had been working on a new merchant category code for guns.

1:32.0

But about a year ago, they paused that work as some gun rights

1:34.9

activists pushed back against tracking gun purchases. Now CBS News is

...

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