Visa Investors Warn of Risks From Buying Guns With Credit Cards

Visa Inc. shareholders are calling for a report on the risks of its credit cards being used to buy guns in the wake of mass shootings in Texas and Ohio.

Public pressure over the role credit cards play in enabling gun purchases could pose legal and reputational risks, the shareholders warned in a proposal submitted for a vote at Visa’s next annual meeting. The proposal, organized by consumer advocacy group SumOfUs, asks the board of directors to report on what Visa is doing to manage these risks.

Three of the six credit cards used to pay for guns and ammunition ...