30
Jun

Operation Choke Point Takes Another Hit

Operation Choke Point: It appears more legislators are recognizing the overreaching, draconian attempts by the Obama administration to shut down legal businesses they dislike. U.S. Congressman Luetkemeyer filed a bill, that “creates a new safe-harbor for financial institutions, including banks and credit unions, to promote nondiscriminatory access to financial products and services provided the merchant is licensed, registered as a money services business, or have obtained a reasoned legal opinion demonstrating the legality of the merchant’s business. The safe-harbor does not require a financial institution to do business with any merchant and does not place the burden of determining the legality of business with the financial institution.”

Visit the Congressman’s official website for details: Luetkemeyer Files Bill to End Operation Choke Point-Style Attacks on Private Sector

Share
Comments ( 1 )
  • Money Lenders For Bad Credit says:

    Thanks for sharing; this is perfect for me because I am trying to find some more sources to get inspired. I appreciate you taking time for making this. I also think this almost relates to your topic Money Loans With Bad Credit

Share
Share