CCFI’s CEO Ted Saunders: The Feds Finally Act To Investigate Operation Choke Point

A long-awaited burst of reason entered the debate over Operation Choke Point last week when the Federal Deposit Insurance Corporation (FDIC) and the U.S. Department of Justice (DOJ) pledged to investigate the initiative. The announcement is partial vindication for companies that, like mine, have spoken out against this unfair and poorly conceived Obama administration vendetta against legal businesses.

On Friday, U.S. Rep. Blaine Luetkemeyer (R-Mo.) revealed that both the FDIC and the Justice Department have promised to investigate Operation Choke Point. The move comes in response to letters from more than 30 members of Congress to FDIC Acting Inspector General Fred Gibson, DOJ Inspector General Michael Horowitz and Robin Ashton, head of DOJ’s Office of Professional Responsibility. According to Luetkemeyer, the probe will determine if any laws or regulations were broken and whether or not a senior FDIC official provided false information to Congress.

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