Tag: Federal Deposit Insurance Corporation

Is Operation Choke Point Easing Off of Payday Lenders?

Is Operation Choke Point Easing Off of Payday Lenders?Could it finally be true that payday lenders are no longer in the crosshairs of the Federal Deposit Insurance Corporation? It looks like it may be true after all. The banking regulator recently took some industries off of a list that contained businesses deemed to be “high risk”. These targeted industries included payday lenders, firearms... Read More »

Payday Lenders Fight Back Against the Justice Department

Payday Lenders Fight Back Against the Justice DepartmentFor years now, payday lending companies have been hit with one regulation after another, and many short term credit lenders have seen their businesses impacted negatively as a result of the non-stop attack from the government and the FDIC. It seems, however, that the recent Justice Department initiative, called “Operation Choke Point” has crossed the... Read More »