President Barack Obama would likely veto a bill shutting down the controversial Operation Choke Point and similar tactics used by federal regulators to financially target disfavored industries such as gun stores and payday lenders. Operation Choke Point is run through the Department of Justice, the Federal Deposit Insurance Corporation and the Consumer Financial Protection Board and targets how banks handle accounts with the gun industry, payday lenders, casinos, check cashers and debt collectors, among other businesses deemed “high risk” by the government.
Read the complete article: The Blaze
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