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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.
Critics say it has exceeded its original brief, including by working with the Justice Department’s Operation Choke Point from 2013 to 2017, which sought to investigate and penalize gun dealers ...
Critically, Operation Choke Point did not rely for its authority on legislation or official guidance, and never faced a meaningful challenge in court. The campaign largely ended following the leak ...
In August 2017, Boyd informed Congressional leaders that the Department of Justice was ending Operation Choke Point, an Obama-era program intended to discourage banks from doing business with a range of companies and individuals deemed "high-risk," including payday lenders, firearm retailers, pornography producers and performers, dating and ...
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(The Center Square) – The U.S. Department of Government Efficiency has been aggressively identifying and eliminating a wide swath of federal spending since President Donald Trump took office.
The lawsuit subsequently unsealed more than 900 pages of emails and depositions demonstrating that government officials, including senior FDIC officials, targeted legal businesses including small-dollar lenders through Operation Choke Point. [17] The parties reached a settlement on May 22, 2019. [18]
FILE PHOTO: Defense secretary nominee Pete Hegseth meets with Senator-elect Jim Banks (R-IN) on Capitol Hill in Washington, U.S., December 5, 2024.