Operation Choke Point was an initiative of the United States Department of Justice beginning in 2013 [1] which investigated banks in the United States and the business they did with firearm dealers, payday lenders, and other companies that, while operating legally, were said to be at a high risk for fraud and money laundering.

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12 hours ago · Friction point: "The Biden administration's Operation Choke Point 2.0 was carried out by the prudential regulators to target, ... (R-Pa.) said in his opening remarks. "Operation Choke Point" is a reference to an Obama-era program that used banking regulation to restrict certain industries, such as payday lenders and firearms companies. The ...

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Hearing Entitled: Operation Choke Point 2.0: The Biden Administration's Efforts to Put Crypto in the Crosshairs Thursday, February 6, 2025 2:00 PM in 2128 Rayburn House Office Building Oversight and Investigations Subcommittee . Click here to view the Committee Memorandum Click here to view the livestream of this hearing. ...

May 29, 2014 · Acting in coordination with Operation Choke Point, bank regulators labeled a wide range of lawful merchants as “high-risk” – including coin dealers, firearms and ammunition sales, and short-term lending.

May 29, 2014 · WASHINGTON – House Oversight and Government Reform Committee Chairman Darrell Issa (R-Calif.) today released a staff report, The Department of Justice’s “Operation Choke Point”: Illegally Choking Off Legitimate Businesses?, on the DOJ’s wide-ranging investigation of banks and payment processors.

with Operation Choke Point, bank regulators labeled a wide range of lawful merchants as “high-risk” – including coin dealers, firearms and ammunition sales, and short-term lending. Operation Choke Point effectively transformed this guidance into an implicit threat of a federal investigation.

Operation Choke Point. Date. July 15, 2014. Physical Address Office of Legislative Affairs Main Justice Building, Room 1137 950 Pennsylvania Avenue, NW Washington, DC 20530. By Email [email protected] . Congressional Technical Assistance Requests [email protected].

In the letter, Members expressed concern that the FDIC was working with DOJ in connection with Operation Choke Point to pressure financial institutions to decline banking services to certain categories of lawfully operating merchants that had been associated with high-risk activities.