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Articles tagged with: Enforcement

Witnesses Support Operation Choke Point and Oppose House Measures to Impede Financial Rulemaking
July 15, 2014 – 1:14 pm

Testifying before a House Financial Services subcommittee on July 15, Lauren Saunders of the National Consumer Law Center warned against measures that “would undermine important efforts underway at the Department of Justice and banking regulators …

AFR in the News: Liberal Groups Back ‘Operation Choke Point’
June 24, 2014 – 6:23 pm

In CQ, reporter Ben Weyl quotes from a joint AFR/CFA/NCLC letter to Senators: “Fighting payment fraud should not be controversial. Everyone benefits from efforts to stop illegal activity that relies on the payment system.” As Weyl goes on to note, “Conservative activists and GOP lawmakers have accused the Obama administration of pursuing law-abiding businesses that cross the administration’s agenda, including gun sellers.” But the known investigations launched in the name of Operation Choke Point have all been directed at out-and-out-fraud.

Lawmakers Back DOJ Crackdown on Illegal Use of Bank Payment Systems
February 26, 2014 – 6:02 pm
Lawmakers Back DOJ Crackdown on Illegal Use of Bank Payment Systems

“Department enforcement plays a critical role in ensuring banks and payment processors meet [their] legal obligations,” the lawmakers say in a letter to Attorney General Eric Holder. “Unfortunately, recent cases demonstrate the seriousness of the consequences when those obligations are not met. Accordingly, we urge the Department to enforce vigorously applicable laws pertaining to payment fraud, money-laundering, and other illegal payments…”