Payday Loan Operation Choke Point Hurts Multiple Industries

By | Mar 26, 2015

Operation Choke Point victims, small business owners, decry government overreach Allison Deguisne, the owner of a small chain of Westshore Cash and Loan, says she will stop running the two-shop operation by the end of the month, and she blames federal government regulators. Ms. Deguisne can’t find creditors to help keep her California-based payday loan […]

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Operation Choke Point: Banks Threatened by FDIC to Kill Payday Loan Industry

By | Dec 9, 2014

Federal Deposit Insurance Corporation’s Involvement in “Operation Choke Point” Staff Report, 113th Congress, December 8, 2014 U.S. House of Representatives, Committee on Oversight and Government Reform, Darrell Issa (CA-49), Chairman “Documents produced to the Committee reveal that senior policymakers in FDIC headquarters oppose payday lending on personal grounds, and attempted to use FDIC’s supervisory authority to prohibit the practice. In […]

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