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Priscilla Sims Brown Joins CNBC's 'Squawk Box' to Discuss New Merchant Category Code for Gun Stores
Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social and environmental change, announced today a joint commitment with Urban Ingenuity to launch the Working Power Project.
Amalgamated Bank proudly endorses the Fair Share Amendment, Question One of the Massachusetts ballot this November. This amendment will provide long-term investments to improve our transportation and public education systems.
Priscilla Sims Brown sat down with Andrew Ross Sorkin on CNBC's 'Squawk Box' to discuss the approval of the approval of a new merchant category code for stand-alone gun stores and why it's such an important victory in the fight against gun violence.
Amalgamated Bank announced that its application to the International Standards Organization for a new merchant category code (MCC) for gun and ammunition stores was approved. This code is the key to creating new tools that all financial institutions must now use to begin detecting and reporting suspicious activity associated with gun trafficking and mass shootings to the Financial Crimes Enforcement Network, the government agency charged with safeguarding the financial system from illicit use.
Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations and individuals to advance positive social and environmental change, announced today a $15 million loan to Inclusive Prosperity Capital, Inc. (IPC), a clean energy finance 501(c)3 platform, making new capital available to fund climate initiatives benefiting underserved market segments and communities.