Credit Card Industry Won’t Report Suspicious Gun Purchases

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Additionally, Biden named the country’s first Native American treasurer.

Credit card companies block efforts to track suspicious gun and ammunition purchases

Credit card companies seek to block law enforcement from investigating suspicious gun and ammunition purchases, CBS News reports.

Amalgamated Bank, which describes itself as the oldest socially responsible bank in the country, has noticed that mass shooters used to borrow large sums of money to fund their sinister schemes. The 2016 nightclub shooter Pulse, for example, charged credit cards around $26,000 in just 12 days.

And while banks can work to report suspicious activity to the government, individual merchant codes obtained by other stores do not apply to self-contained firearms sellers. Priscilla Sims Brown, CEO of the bank, spoke to CBS about her attempts to change that. “You are applying for a panel, a kind of committee. This includes credit card companies,” Brown notes. But with representatives from Mastercard, Visa and American Express on the panel, his candidacy was rejected twice.

Mastercard told CBS the company believes it is up to public officials to deal with gun violence. Brown sees the role of his industry differently: “We have an obligation to fight the crime that is facilitated by our system. »

Biden names first Native American treasurer

The Biden administration has named the nation’s first Indigenous treasurer, Indian Country Today reports.

Chief Lynn Malerba, Mutáwi Mutáhash (Many Hearts), of the Mohegan Tribe, has worked in various fields, including serving as a member of the Tribal Treasury Advisory Committee. There, she had advised the Secretary of the Treasury on such matters as Native American taxation and the training of IRS field officers. His appointment also marks the launch of the new Office of Tribal Native Affairs, which will work with tribes to address the economic development of native communities.

“I am humbled and honored by Secretary (Janet) Yellen and the Biden administration’s commitment to ensuring that all voices are heard by [the] Treasury as we work together to create a fair and just society,” Malerba said in a press release. “It is especially important that our Indigenous voices be respected. This appointment underscores this administration’s commitment to do just that.

Philadelphia investors’ home purchases on the rise

The number of homes being bought by investors has skyrocketed in the Greater Philadelphia area, with the number of purchases up 55% from the fourth quarter of 2021, according to the Philadelphia Business Journal.

The increase was by far the largest among the 40 metropolitan areas surveyed by real estate firm Redfin Corp. The nearest city of Newark, New Jersey saw a 21% increase.

The median sale price for these homes was around $125,000. Areas like the Strawberry Mansion section of Philadelphia saw the highest number of investors interested in buying homes, at 59%.

Solcyre (Sol) Burga was an Emma Bowen Foundation Fellow with Next City for the summer of 2021. Burga graduated from Rutgers University with a degree in political science and journalism in May 2022. As a Newark native and immigrant, she hopes to elevate the voices of underrepresented communities in her work.

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