“Nice Bank ya’ got here. Be a shame if it was reamed with a joint Compliance and Risk Management visitation”

“The goal of the initiative is to deny these merchants access to the banking and payments networks that every business needs to survive,” the House report said.
After becoming aware that the Ohio bank did business with payday lenders—one of the industries targeted under Choke Point—the FDIC began an investigation into the bank, whose identity was redacted by the House committee.
“As a result, the FDIC and State of Ohio conducted a joint Compliance and Risk Management visitation of your bank as of December 17, 2012,” the FDIC regional director wrote to the bank’s board of directors.

Operation Choke Point

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