There’s new legislation that was introduced in response to Operation Choke Point. The operation used to force banks to cease ties with “suspicious business” under the Obama administration. That you know targeted the gun industry. The new legislation is The Financial Institution Customer Protection Act. It prohibits federal banking regulators, from ordering financial institutions to terminate customer accounts, unless the regulator has a material reason and they put it in writing. Which wouldn’t be needed if the Obama administration was honest. …read more
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