Operation Choke Point - Wikipedia
The FDIC Office of Inspector General found that the FDIC's involvement in Operation Choke Point was limited and inconsequential to the overall direction and outcome of the initiative. It further found no evidence that the FDIC targeted financial institutions.
Newly Unsealed Documents Show Top FDIC Officials Running Operation …
Nov 5, 2018 · The Trump administration owes the public a full investigation into Operation Choke Point and an explanation for why many of the people involved in this abuse of power are still working for...
In the letter, Members expressed concern that the FDIC was working with DOJ in connection with Operation Choke Point to pressure financial institutions to decline banking services to certain categories of lawfully operating merchants that had been associated with high-risk activities.
The FDIC's Role in Operation Choke Point and Supervisory …
Sep 16, 2015 · There has been an increase in impersonation scams where victims receive unsolicited phone calls, text messages, or e-mails purporting to be from the Federal Deposit Insurance Corporation (FDIC) or the FDIC Office of Inspector General (OIG).
Federal Deposit Insurance Corporation’s (FDIC) Involvement in ...
Dec 8, 2014 · Operation Choke Point is an abuse of the Department’s statutory authority. 2. While broadly concerned with all industries deemed “high risk,” the initiative is particularly focused on payday lending.
FDIC letters give credence to ‘Choke Point 2.0’ claims: Coinbase …
Dec 11, 2024 · The alleged effort gets its name from Operation Choke Point, an Obama-era effort that “choked off” high-risk industries like payday lending, gambling and firearms from banking access. “One thing you can tell from the letters is that this wasn't just one rogue bank supervisor going off half-cocked,” Grewal said.
Dec 8, 2014 · Over the past year, the Committee on Oversight and Government Reform has been investigating a federal initiative forcing banks to terminate relationships with businesses deemed “high-risk” by federal regulators. Within the Department of Justice, this initiative is known as “Operation Choke Point.”
FDIC settles Operation Choke Point lawsuit; entire lawsuit …
May 23, 2019 · The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies.
On December 17, 2014, Chairman Gruenberg requested that the Federal Deposit Insurance Corporation (FDIC) Office of Inspector General (OIG) conduct a “fact-finding review of the actions of FDIC staff” in the Department of Justice’s Operation Choke Point.
Charting a New Course: Preliminary Thoughts on FDIC Policy Issues
Jan 10, 2025 · See Federal Deposit Insurance Corporation, FDIC Redacted Pause Letters. 11: See FDIC Office of Inspector General, The FDIC’s Role in Operation Choke Point and Supervisory Approach to Institutions that Conducted Business with Merchants Associated with High-Risk Activities, Report No. AUD-15-008 (September 2015). 12
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