Last summer, news reports surfaced regarding a U.S. Department of Justice-led initiative that targets certain industries’ ability to access banking services without first showing the companies are not breaking the law. Rather than targeting bad actors for illegal activity, this effort, known as Operation Choke Point, is causing banks to deny or terminate credit lines due to fear of DOJ subpoenas or unjustified regulatory action by federal banking regulators. Legitimate industries – legal, but not acceptable, apparently, to the administration – are now experiencing difficulty finding essential banking services. This commerce-stifling, unjust federal overreach must stop.
Read the complete article: The Times-News