FDIC, Payday Lenders Reach Deal In 'Choke Point' Suit

By Jon Hill (May 22, 2019, 8:45 PM EDT) -- Federal banking regulators said Wednesday that they have settled a long-running D.C. federal court lawsuit that accused major banking agencies of illegally pressuring banks to cut ties with payday lenders as part of an Obama-era initiative known as "Operation Choke Point."...

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