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Lawmakers on warpath against Operation Choke Point
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Banking
Friday, July 18, 2014
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Although the U.S. Department of Justice contends that the authority it exercises over banks and financial institutions in Operation Choke Point is fair and reasonable, some Republican lawmakers argue that the initiative is being used to strong-arm banks into denying financial services to businesses for political reasons. The debate escalated last week as two House committees held hearings to probe the legality of the program and examine its impact on businesses and consumers.
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