Tag Archives: Operation Choke Point

Justice Department Formally Ends ‘Operation Choke Point’

In a letter to House Judiciary Committee Chairman Bob Goodlatte (R-Va.) yesterday, a Department of Justice official formally confirmed that the agency has ended the controversial Operation Choke Point initiative, which under the Obama administration sought to curtail legal but politically disfavored businesses by working through bank regulators to pressure financial institutions to end customer relationships with those businesses.

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Hensarling’s Choice Act Includes Key ABA Priorities

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) today released the latest legislative text of his Financial Choice Act, a 600-page bill aimed at rolling back and reforming parts of the Dodd-Frank Act’s extensive supervisory regime, as well as providing regulatory relief for banks of all sizes.

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Luetkemeyer Calls for End to OCC’s ‘Choke Point’ Involvement

In a letter to the OCC yesterday, Rep. Blaine Luetkemeyer (R-Mo.) took the agency to task for its continued involvement in the Department of Justice’s Operation Choke Point, which seeks to curtail disfavored businesses by working through regulators to pressure financial institutions to end customer relationships.

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Sens. Cruz, Lee Introduce ABA-Backed Anti-‘Choke Point’ Bill

Sens. Ted Cruz (R-Texas) and Mike Lee (R-Utah) yesterday introduced an ABA-supported bill intended to rein in the Justice Department’s Operation Choke Point, which sought to curtail disfavored businesses by working through regulators to pressure financial institutions to end customer relationships with these businesses.

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FDIC Watchdog Finds Major Flaws in Refund Loan Supervision

In supervising banks that made tax refund anticipation loans, the FDIC made “aggressive and unprecedented” use of its supervisory powers and imposed “high costs” on institutions offering the legal products, according to a review issued today by the FDIC’s inspector general.

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House Passes ABA-Backed Anti-‘Choke Point’ Bill

By a bipartisan 250-to-169 vote, the House today approved a bill that would end the Justice Department’s Operation Choke Point initiative, which sought to curtail disfavored businesses by working through regulators to pressure financial institutions to end customer relationships with these businesses.

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