Operation Choke Point

Operation Choke Point
Operation nameOperation Choke Point
TypeBank Fraud Enforcement action
Roster
Planned byUnited States Department of Justice
Mission
TargetPayday loan providers, Firearms industry, Fireworks industry
Timeline
Date begin2013 or before
Date endAugust 17, 2017

Operation Choke Point was an initiative of the United States Department of Justice beginning in 2013 which investigated banks in the United States and the business they did with firearm dealers, payday lenders, and other companies that, while operating legally, were said to be at a high risk for fraud and money laundering.

This operation, disclosed in an August 2013 Wall Street Journal story, was officially ended in August 2017, and the Federal Deposit Insurance Corporation (FDIC) settled multiple lawsuits by promising to Congress additional training for its examiners and to cease issuing "informal" and "unwritten suggestions" to banks.

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