Capitol Hill offers the ultimate horse race. Following who’s up, down, in the running, out of the race and which bills might pass … Why should it be any different when it comes to payments and financial services? PYMNTS’ Karen Webster sat down with Bill...
On Thursday (Feb. 4), the United States House of Representatives voted to end the Obama administration’s “Operation Choke Point.” [bctt tweet=”The United States House of Representatives voted to end the Obama administration’s “Operation Choke Point.””] The vote was 250-169, reported various news sources, which represented...
The premise behind Operation Choke Point, a joint initiative between the DoJ, FDIC and CFPB, was direct enough when it launched in early 2013. Instead of going directly after certain suspect industries – such as short-term lenders, pornographers, ammunition dealers, escort services or online gambling...
A former FDIC head has accused the U.S. Justice Department’s Operation Choke Point of being “a serious abuse of government power” that harms the U.S. economy and especially hurts unbanked Americans who use payday loan services, American Banker reported. William M. Isaac, who served as...
August 22, 2017
Capitol Hill offers the ultimate horse race. Following who’s up, down, in the running, out of the race and which bills might pass … Why should it be any different when it comes to payments and financial services? PYMNTS’ Karen Webster sat down with Bill Sullivan, senior director and group manager of Government and Industry Relations at NACHA, to get his thoughts on where things currently stand in Congress — and where they are going.
August 22, 2017
Operation Choke Point has been choked off. According to various sources (including Fox News), the Trump administration’s Justice Department has decided to shut down Operation Choke Point, the controversial program that sought to curtail credit access and thus eCommerce activity for some industries, notably gun dealers and short-term lenders. Operation Choke Point traces its genesis to […]
February 08, 2016
On Thursday (Feb. 4), the United States House of Representatives voted to end the Obama administration’s “Operation Choke Point.” [bctt tweet=”The United States House of Representatives voted to end the...
November 06, 2014
A former FDIC head has accused the U.S. Justice Department’s Operation Choke Point of being “a serious abuse of government power” that harms the U.S. economy and especially hurts unbanked...
October 07, 2014
The House Banking Committed lended it’s voice to the growing chorus of those calling for the discontinuation of Operation Choke Point–a federal initiative that seeks to limit the reach of...
