Thursday , August 13, 2020

Search Results for: operation choke point

An Operation Choke Point Settlement and other Digital Transactions News briefs from 5/24/19

The Electronic Transactions Association sent letters to Congress and the Canadian Parliament urging lawmakers to ratify the pending U.S.-Mexico-Canada trade agreement (USMCA) that would replace the North American Free Trade Agreement. Among other things, the USMCA reflects “the importance of data, technology, and innovation,” and would bar any country from …

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Payday Lenders Settle Operation Choke Point Lawsuit Against Federal Bank Regulators

A five-year-old lawsuit brought by payday lenders against federal banking regulators over the government’s controversial Operation Choke Point ended with a settlement this week. Advance America, Cash Advance Centers Inc. (Advance America), and Check Into Cash had sued the Federal Deposit Insurance Corp. and the Office of the Comptroller of …

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Operation Choke Point Lives on in Actions by Other Federal Agencies, ETA Chief Warns

While the U.S. Department of Justice’s Operation Choke Point initiative ended last year, over-zealous efforts by other federal agencies threaten law-abiding payments companies in the same way Choke Point did, the chief executive of the Electronic Transactions Association warned Congress on Thursday. Testifying before the House Financial Services Subcommittee on …

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ATMIA Releases Operation Choke Point Resource and other Digital Transactions News briefs

Consumer-goods manufacturer Shinola has signed up to use the point-of-sale financing service from Affirm Inc. The ATM Industry Association released an Operation Choke Point resource kit for ATM operators. The association said ATM operators continue to receive account-closure notices despite the Department of Justice’s public statement to end the enforcement program. Merchant services provider SignaPay Ltd. released the PayLo …

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