RELIABILITY: High
Nicholas Anthony No government should pressure a bank to cut off customers innocent of any wrongdoing. Yet that is what happened with Operation Choke Point under the Obama administration and that is what happened again with “Operation Choke Point 2.0” under the Biden administration. Even today, countless customers are debanked because the laws and regulations in place have made banks too cautious.
It’s time to bring governmental debanking to an end. , Governmental debanking can occur in many forms. It could be the result of something as formal as a court order or as casual as a comment from a regulator.
It can also be caused by more indirect means such as laws and regulations that make it more difficult to serve customers. The most infamous example of governmental debanking is that of Oper
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