Procedure of Choke Point Unfairness by Andrew Phillips Cardflex
In 2013, a new law was made in the United States of America called the operation choke point that was intended to make sure that the consumers were not exploited by using government agencies to discourage the banks from doing business with the listed ones. The agenda was to chock off the businesses that were exploiting the consumers. This law lost its effect when it included a lot of legal businesses that were considered to be a scam to the consumers and that included the fire arms and ammunition.
Not only did the law affect the businesses alone, it also had some financial organizations like the Andrew Philips Cardflex cornered due to some allegations that they had done business with a listed company. The law is there to make everyone equal and so when it is exploiting one at the expense of another like the people in the listed business, Andrew Phillips Cardflex becomes an unfair law. So since there are people and organizations that are there to protect the defenseless, they started a fight against this law until it was said to end in 2017.
The gun shops and other businesses were receiving notices from their respective banks that they will not be able to work with them. The banks and other financial institutions were forced to end some very long term relations with some of these businesses that had to trouble with for all that time. Companies like the Andrew Phillips Cardflex felt the heat when they had to go to court when they were claimed to have engaged in business with a listed company that led to a scam on the consumer’s credit and debit accounts. When you get a notice from your bank then you have no other option than to make other financial arrangements that will not only inconvenience you, but also cost you. So this shows that both the listed and the organizations that are doing business with them are a target. The losses due to restricted business relations are inevitable.
This kind of law affect where people get their income and some having to face legal procedure. The courts are accompanied by lots of fines, bails and even a lot of money that is used to hire lawyers. The program was ended last year but the businesses are yet to heal if not stop being targeted. Such law that exploit others at the expense of others is against the core purpose of the government. We should think of those people that depend on the businesses that were listed as “high risk” to feed their families. Such a law should be buried and forgotten because it is just out of order.