| Operation Choke Point | |
|---|---|
| Operation Name | Operation Choke Point |
| Type | Bank Fraud Enforcement action |
| Roster | |
| Planned by | United States Department of Justice |
| Mission | |
| Target | Payday loan providers, Firearms industry, Fireworks industry |
| Timeline | |
| Date begin | 2013 or before |
| Date end | August 17, 2017 |
| Results | |
| Accounting | |
Operation Choke Point was an initiative of the United States Department of Justice beginning in 2013[1] which investigated banks in the United States and the business they did with firearm dealers, payday lenders, and other companies that, while operating legally, were said to be at a high risk for fraud and money laundering.
This operation, disclosed in an August 2013 Wall Street Journal story,[2] was officially ended in August 2017,[3] and the Federal Deposit Insurance Corporation (FDIC) settled multiple lawsuits by promising to Congress additional training for its examiners and to cease issuing "informal" and "unwritten suggestions" to banks.
- ^ "Financial Fraud Enforcement Task Force Executive Director Michael J. Bresnickat the Exchequer Club of Washington, D.C. - OPA - Department of Justice". Justice.gov. United States Department of Justice. March 20, 2013. Archived from the original on June 11, 2024. Retrieved November 22, 2014.
- ^ Zibel, Alan; Kendall, Brent (August 8, 2013). "Probe Turns Up Heat on Banks". The Wall Street Journal. Archived from the original on October 4, 2014. Retrieved November 22, 2014.
- ^ "Justice Department to end Obama-era 'Operation Choke Point'". POLITICO. Archived from the original on August 18, 2017. Retrieved August 19, 2017.