Congress Passes Legislation to Curb Effects of Operation Choke Point

Incline Village, NV, February 11, 2016 --(PR.com)-- Operation Choke Point is a federal government effort to ferret out fraud in the banking industry. In recent years, federal banking regulations concentrated enforcement efforts on banks that had customers in the payday lender and firearms industries. Many in the banking industry felt that the regulatory actions were not balanced and essentially shutdown their ability to bank customers from those industries. Industry experts suggest that banks and government regulators need to focus on the actual business not the business industry. The new legislation passed by congress would curb the reach of Operation Check Point.

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