Via the Daily Signal:
Republican House members announced Friday that the Justice Department has ended the controversial Obama-era program targeting payday lenders, gun shops, and other legal businesses, in response to several House Republicans who requested Operation Choke Point be shut down.
“We share your view that law-abiding businesses should not be targeted simply for operating in an industry that a particular administration might disfavor,” Assistant Attorney General Stephen Boyd wrote the GOP lawmakers in a letter dated Aug. 16.
The letter continued, saying the Federal Deposit Insurance Corporation “subsequently rescinded its list of purportedly ‘high risk’ merchants. The Department of Justice (Department) strongly agrees with that withdrawal. All of the Department’s bank investigations conducted as part of Operation Choke Point are now over, the initiative is no longer in effect and it will not be undertaken again.”
In a joint statement, four House Republicans praised the decision.
“We applaud the Trump Justice Department for decisively ending Operation Choke Point,” said the joint statement by House Judiciary Committee Chairman Bob Goodlatte, R-Va.; House Financial Services Committee Chairman Jeb Hensarling, R-Texas; and Reps. Tom Marino, R-Pa.; Blaine Luetkemeyer, R-Mo.; and Darrell Issa, R-Calif.
“The Obama administration created this ill-advised program to suffocate legitimate businesses to which it was ideologically opposed by intimidating financial institutions into denying banking services to those businesses,” the GOP lawmakers said.
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