Wednesday, May 21, 2014

McMillan Merchant Solutions and PistolPay

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Last year the Department of Justice partnered with the FDIC and the Federal Trade Commission to put a whole host of industries (and their customers) on a “high-risk” list and urged banks to pay close attention to those industries as part of Operation Choke Point.

Storefront gun dealers, online dealers and ammunition dealers are on the “high risk” list, along with porn and other salacious products (as if they’re even comparable, the Second Amendment is constitutional right, yet it’s on the DOJ hit list). DOJ argues the program is needed to stop fraud, but that’s a lie. The program is used to target politically inconvenient industries without the permission of Congress.
Fortunately, as Bearing Arms noted last September, a number of pro-Second Amendment companies have stepped up to offer dealers, distributors and manufacturers the financial resources they need.

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