NY Attorney General Urges Credit Card Companies to Block Illegal Vaping Sales
Attorney General Dave Sunday led a bipartisan coalition of 24 other Attorneys General and the City of New York in urging major credit card companies and payment processors - including American Express (AXP), Capital One (COF), Citi (C), Mastercard (MA), Visa (V), PayPal (PYPL), Stripe, Sezzle, and Block (XYZ) - to take stronger action to prevent their payment networks from being used to facilitate sales of illegal vaping products. In letters sent to the corporate leadership of each company, Attorney General Sunday and the coalition called for immediate collaboration to block unlawful transactions that enable the widespread distribution of illegal vaping products, particularly to young people. Publicly traded companies in the tobacco space include Altria Group (MO), British American Tobacco (BTI), Imperial Brands (IMBBY) and Philip Morris (PM).
