GS Logo
The Green Sheet, Inc

Please Login

Banner Ad

Operation Choke Point Petition Drive

Breaking News

Updated: Tuesday, August 19, 2014

Report says DOJ knew Operation Choke Point negatively affected legitimate businesses

The Federal Deposit Insurance Corp. eliminated from its documentation lists of what has been termed "high-risk" merchant types. The move is seen as a response to the controversy over the U.S. federal government's Operation Choke Point program that allegedly targeted businesses unfairly by denying them the ability to process transactions electronically.

On July 28, 2014, the FDIC said it was clarifying its role in supervising relationships between merchants and their payment processors. (This FDIC action was mentioned briefly in a sidebar to our lead article, "Operation Choke Point draws fire from Congress, industry," published Aug. 11, 2014, issue 14:08:01, which was going to press when this news broke. This follow-up story provides further details.)

Read the Entire Story


Have you visited the Resource Guide lately?

Click on any box for more information.

© 1983 - 2014 The Green Sheet, Inc.