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Fintech firms have become the new battlefield over gun control

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Guns don’t kill people; payment companies kill people. A firestorm has erupted in Washington D.C. after lawmakers made that claim and accused fintech firms of facilitating the purchases of firearms used in mass shootings, urging them to restrict the services provided to weapon retailers and gunmakers.

They argued that the lack of oversight has enabled murderers to max out their credit cards to buy horrifying arsenals then used to slaughter innocent victims. At the same time, they urged buy-now-pay-later (BNPL) companies to stop giving gunmakers access to their instalment services. Liberal lawmakers demand change and they want it now.

“I believe it’s the right time to do what is right,” New York senator Zellnor Myrie tells Verdict.

He is one of the 50 members of the New York State legislature that sent an open letter to the CEOs of…

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