Operation Choke Point Focused On Online Payday Loans

It’s been well documented that “Operation Choke Point” is targeting a multitude of legitimate businesses including gun shops, porn stars, vitamins, and small dollar credit. A new House of Representatives report has revealed even more.

“Contrary to the Department’s public statements, Operation Choke Point was primarily focused on the payday lending industry. Internal memoranda and communications demonstrate that Operation Choke Point was focused on short-term lending, and online lending in particular. Senior officials expressed their belief that its elimination would be a “significant accomplishment” for consumers.”

The Department of Justice’s “Operation Choke Point”: Illegally Choking Off Legitimate Businesses?
Staff Report
113th Congress
May 29, 2014

Read it here: Staff Report

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