Operation Choke Point

Study Shows Ineffectiveness of Targeted Credit Rationing in Banking

Retrieved on: 
Donnerstag, Mai 9, 2024
Slutsky, University, Tobacco, Justice, Operation Choke Point, Business, Environment, Firearm, ESG, Assistant, Credit, Rice University, Fraud

To what extent does the shift towards (or away from) the rationing of capital to specific firms affect these firms' controversial practices?

Key Points: 
  • To what extent does the shift towards (or away from) the rationing of capital to specific firms affect these firms' controversial practices?
  • This allowed them to explore the dynamics of banking relationships and the provision of credit.
  • Credit rationing did affect banking relationships, Slutzky says.
  • However, these firms for the most part initiated new relationships with non-targeted banks and managed to fully substitute credit, offsetting the intended effect of the initiative."

NEW WHITE PAPER UNCOVERS HOW FEDERAL BANKING REGULATORS ARE WAGING "OPERATION CHOKE POINT 2.0" AGAINST THE CRYPTOCURRENCY INDUSTRY

Retrieved on: 
Montag, März 27, 2023
Federal Deposit Insurance Corporation, OCC, Human, Federal Reserve Board of Governors, Barack Obama, Michael J. Hsu, Comptroller, Cooper, FDIC, ACH, Congress, Operation Choke Point, Kirk, Federal Reserve, Risk, Charles J. Cooper, Cryptocurrency

Just like during Operation Choke Point, the banking agencies have now put out informal guidance documents tarring cryptocurrency customers as posing a supposedly heightened risk to banks.

Key Points: 
  • Just like during Operation Choke Point, the banking agencies have now put out informal guidance documents tarring cryptocurrency customers as posing a supposedly heightened risk to banks.
  • Businesses in the cryptocurrency industry are suddenly finding themselves debanked, and stripped of access to the ACH network, without explanation.
  • "It looks like that time has come, and crypto is now the industry with a target on its back.
  • Congress must once again hold the federal banking regulators to account and ensure that this Operation Choke Point 2.0 is exposed and brought to an immediate halt, just like version 1.0," said Thompson.

North Texas Wealth Management Launches Bespoke Financial Wealth Planning Service

Retrieved on: 
Freitag, August 12, 2022
People, Operation Choke Point, Goal, Research, Pension, CEO, 3D, Management, Garland

Garland, Texas--(Newsfile Corp. - August 12, 2022) - North Texas Wealth Management (NTX Wealth), a prominent financial planning and investment firm, founded in 1968, launches its tailored wealth management services.

Key Points: 
  • Garland, Texas--(Newsfile Corp. - August 12, 2022) - North Texas Wealth Management (NTX Wealth), a prominent financial planning and investment firm, founded in 1968, launches its tailored wealth management services.
  • They are bridging the gaps in synergy between the financial sector and its consumers with a well-designed 3D assessment and values-based financial planning model.
  • NTX Wealth also incorporates the use of advanced software for making data-driven market forecasts and financial plans for clients.
  • Commenting on this, Mike Crews, CEO of North Texas Wealth Management, stated, "we spend a lot of time learning about our clients' values and goals.

Federal Deposit Insurance Corporation Agrees to Settlement in Operation Choke Point Lawsuit

Retrieved on: 
Mittwoch, Mai 22, 2019
Economy, Finance, Money, Consumer Financial Protection Bureau, Operation Choke Point, United States Department of Justice, Bank regulation in the United States, Federal Deposit Insurance Corporation, Payday loan, Deposit insurance, Bank

SPARTANBURG, S.C., May 22, 2019 /PRNewswire/ -- Advance America and Check Into Cash announced today that they have reached a settlement with the Federal Deposit Insurance Corporation (FDIC) regarding Operation Choke Point, the FDIC program that pressured banks to cut ties with certain categories of lawful businesses, including payday lenders.

Key Points: 
  • SPARTANBURG, S.C., May 22, 2019 /PRNewswire/ -- Advance America and Check Into Cash announced today that they have reached a settlement with the Federal Deposit Insurance Corporation (FDIC) regarding Operation Choke Point, the FDIC program that pressured banks to cut ties with certain categories of lawful businesses, including payday lenders.
  • This settlement will help to prevent this disenfranchisement from happening again to our business or any other legal, regulated business."
  • As a result of this settlement agreement, the FDIC will issue a statement to reiterate its policies.
  • v. Federal Deposit Insurance Corp. et al., to end Operation Choke Point and the government's persistent regulatory overreach.