Obama recently unveiled Operation Choke Point, an executive cocktail intended to force banks and payment processors to divine what their customers are using their services to procure—and prohibit such sales/transactions if they fall under a wide range of “high-risk” goods of services. Well, prohibit is the wrong word. Operation Choke Point isn’t a law. It’s a policy of enforcement. So a bank or payment processor is allowed to have whatever customers it wants, but the DOJ might sue/raid/charge Read more […]
