Operation Choke Point has received a significant amount of
criticism, which reached a head after a financial services trade
association moved to sue federal bank regulators, accusing the
agencies of improperly issuing and enforcing new policies that
prevent banks from handling transactions for payday lenders and
other 'high risk' online merchants. Allyson B. Baker and Thomas E. Gilbertsen of Venable LLP, analyse
the concerns and the extent to which a party can be held liable for
another's conduct.
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