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NYC Pensions Press Mastercard, AmEx to Track Gun Sales

  • Three city pensions request report on merchant code decisions
  • New gun code could be first step to tracking suspicious buys
A makeshift memorial for the victims of the Las Vegas mass shooting on the south end of the Las Vegas Strip, Oct. 2017.

A makeshift memorial for the victims of the Las Vegas mass shooting on the south end of the Las Vegas Strip, Oct. 2017.

Photographer: Drew Angerer/Getty Images
Corrected

Three New York City pensions filed shareholder proposals with Mastercard Inc. and American Express Co. urging the credit-card companies to improve tracking of gun sales.

The proposals, by the city pensions for teachers, civil servants and school administrators, asked the boards of both companies to assess and publicly report their decision-making related to the creation of merchant codes for standalone gun and ammunition stores, according to a news release from the city comptroller’s office.