Emails: FDIC scheming to target legal businesses

 

(DAILY SIGNAL) Senior officials at the Federal Deposit Insurance Corporation actively sought to crack down on legal businesses that the Obama administration – or the officials themselves – deemed morally objectionable, a new congressional report finds.

Released today by the House Oversight and Government Reform Committee, the 20-page investigative report details how the FDIC worked closely with the Justice Department to implement Operation Choke Point, a secretive program that seeks to cut off the financial lifeblood of payday lenders and other industries the administration doesn’t like.

The FDIC is the primary agency responsible for regulating and auditing more than 4,500 U.S. banks.

Emails: FDIC scheming to target legal businesses
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Tue, 09 Dec 2014 13:51:58 GMT