Article Image
News Link • Economy - Economics USA

Holder’s Latest Scandal: DOJ Now Pressuring Banks to Refuse Service to Gun Stores

•, Kit Daniels
 For the past several months, the U.S. Department of Justice has been pressuring banks to refuse service to businesses the DOJ is targeting politically, such as gun stores, in a program entitled Operation Choke Point.

Under the program, the DOJ, headed by Attorney General Eric Holder, is attempting to shut down various legal businesses, including firearm dealers, dating services, purveyors of drug paraphernalia and pornography distributors, by coercing financial institutions to close the bank and merchant accounts associated with these businesses.

The businesses targeted follow a 2011 Federal Deposit Insurance Corporation bulletin which lists all of the above legal activities and others as “merchant categories that have been associated with high-risk activity” involving “disreputable merchants.”

“Although many clients of payment processors are reputable merchants, an increasing number are not and should be considered ‘high risk,’” the bulletin reads. “These disreputable merchants use payment processors to charge consumers for questionable or fraudulent goods and services.”

Join us on our Social Networks:


Share this page with your friends on your favorite social network: