Browsing: Operation Choke Point

Commercial Lending

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.

Newsbytes

The regulatory reform bill introduced by Senate Banking Committee Chairman Richard Shelby (R-Ala.) was approved by the committee today. The ABA-supported bill would provide regulatory relief for community, mid-size and regional banks, tailor the regulatory structure for systemically important banks and begin restructuring within the Federal Reserve System and at Fannie Mae and Freddie Mac.