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Obama Making Banks Cutoff Accounts for Gun Dealers?

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  • Thoughtful Monk
    replied
    Apparently in addition to gun dealers, churches and non-profits are getting cut-off.

    http://www.americanbanker.com/bankth...1072363-1.html

    (You'll have to wait a few seconds for the ad to clear - sorry about that.)

    Leave a comment:


  • mikewhitney
    replied
    The issue raised here was specifically about the additional effort to quiet those who have exposed the specific instances where the banks were supposed to close accounts down.

    I had not been aware of Operation Choke Point before.

    Leave a comment:


  • Jedidiah
    replied
    Operation Choke Point is not new. Is this a new action or is it just rehashing old evils?

    Leave a comment:


  • Obama Making Banks Cutoff Accounts for Gun Dealers?

    http://dailycaller.com/2015/01/28/do...s-gun-dealers/

    The Obama administrationís Consumer Financial Protection Bureau is threatening banks to be silent about the administrationís new programs supervising and investigating private bank account holders.

    A shocking bulletin that CFPB issued to banks, which was obtained by The Daily Caller, was sent around this week in the midst of controversy regarding the administrationís Operation Choke Point program, by which the administration pressures banks to cut off accounts for supposedly suspicious businesses, including gun dealers. Operation Choke Pointís anti-gun mission was recently confirmed in a series of audiotapes published by the US Consumer Coalition, in which a bank teller explained to a gun dealer why his account was being shut down.
    The Obama administration is not using any due process to have banks close accounts and then is telling the banks that no one can disclose what Obama is making them do. I'm not sure what type of group the dailycaller website is part of -- is this legit news?

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