Operation Choke Point - Wikipedia
Operation Choke Point was an initiative of the United States Department of Justice beginning in 2013 [1] which investigated banks in the United States and the business they did with firearm dealers, payday lenders, and other companies that, while operating legally, were said to be at a high risk for fraud and money laundering.
Report: DOJ’s Operation Choke Point Secretly Pressured Banks to …
May 29, 2014 · Acting in coordination with Operation Choke Point, bank regulators labeled a wide range of lawful merchants as “high-risk” – including coin dealers, firearms and ammunition sales, and short-term lending.
Report: DOJ’s Operation Choke Point Secretly Pressured Banks to …
May 29, 2014 · Operation Choke Point has forced banks to terminate relationships with a wide variety of entirely lawful and legitimate merchants. The initiative is predicated on the claim that providing normal banking services to certain merchants creates a “reputational risk” sufficient to trigger a federal investigation.
The Myth of Operation Choke Point | The Regulatory Review
Mar 7, 2024 · In a recent article, Stevenson revisits the history of Operation Choke Point, arguing that agency action under the antifraud enforcement initiative was legitimate. He reveals how gun lobbyists and anti-regulatory groups spun a narrative of agency overreach to support their own agendas and spur reactionary legislation.
Justice Department to end Obama-era ‘Operation Choke Point’
Aug 17, 2017 · “Operation Choke Point has been incredibly effective at cracking down on the flow of money to fraudulent merchants that violate the law and target vulnerable consumers,” Frisch said in a...
with Operation Choke Point, bank regulators labeled a wide range of lawful merchants as “high-risk” – including coin dealers, firearms and ammunition sales, and short-term lending. Operation Choke Point effectively transformed this guidance into an implicit threat of a federal investigation.
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...
Operation Choke Point: Justice Department Announces …
Aug 22, 2017 · Operation Choke Point was begun by the United States Department of Justice during the Obama administration, and the stated purpose of the program was to “choke off” banking services to persons who were engaged in illegal activities, such as money laundering.
This new, more fanciful narrative about Operation Choke Point has become the stated premise for new antiboycott laws that punish banks if they do not lend to the gun industry, such as Texas Senate Bill 19, enacted in 2021. This Article is an attempt to set the record straight.
Controversial “Operation Choke Point” Program Has Ended
In an August 16, 2017 letter to Congress, the U.S. Department of Justice (DOJ) announced that its controversial program dubbed “Operation Choke Point” has officially ended. In the letter, DOJ also repudiated the program, which it described as a “misguided initiative.”