Try our Advanced Search for more refined results

COMMUNITY FINANCIAL SERVICES ASSOCIATION OF AMERICA, LTD. et al v. FEDERAL DEPOSIT INSURANCE CORPORATION et al

  1. May 22, 2019

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

    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."

  2. November 13, 2018

    OCC, FDIC Try To Shut Down Lenders' 'Choke Point' Suit

    The Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. have urged a D.C. federal judge to grant them quick wins in a lawsuit over their alleged roles in Operation Choke Point, arguing the payday lenders behind the suit haven't backed up their due process claims against them.

  3. October 15, 2018

    Payday Lenders Seek Quick Win In 'Choke Point' Suit

    Payday lenders suing the Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency over their purported roles in a program called Operation Choke Point have urged a D.C. federal judge to rule that their due process rights have been violated and put an end to the agencies' alleged efforts to cut off their access to the banking system.

  4. August 18, 2017

    Choke Point's End Won't Mean End To Payday Lenders' Suit

    The end of a U.S. Department of Justice initiative aimed at eliminating banking services for criminals that allegedly swept up legitimate businesses will not mean an end to litigation against federal banking regulators over Operation Choke Point, the attorney representing payday lenders in the case told Law360 Friday.

  5. July 05, 2017

    Judge Allows Payday Lenders' 'Choke Point' Suit To Continue

    A federal judge in Washington state on Wednesday allowed a lawsuit filed by payday lenders alleging that regulators pressured banks into cutting off access to financial services to move forward even though the judge said the chances that they would ultimately win the suit remained slim.

  6. April 25, 2017

    Payday Business Group Can't Yet Appeal 'Choke Point' Case

    A D.C. federal judge took action on Tuesday to avoid possible "piecemeal" appeals in ongoing litigation over "Operation Choke Point" that accuses federal banking regulators of pressuring banks to cut off payday lenders' account access, denying an interest group's request to appeal its dismissal from the case.

  7. March 15, 2017

    Payday Lenders Appeal Choke Point Injunction Loss

    Payday lenders seeking to stop federal banking regulators from allegedly pressuring banks to cut off their account access asked the D.C. Circuit on Tuesday to review a devastating February ruling that denied their quest for a preliminary injunction.

  8. December 20, 2016

    Payday Biz Group Tossed From 'Choke Point' Suit

    A Washington, D.C., federal judge on Monday kicked a payday industry trade group out of ongoing litigation seeking to halt “Operation Choke Point,” stating that the group’s member companies would have to prove that federal banking regulators were making it hard for them to operate.

  9. December 09, 2016

    Feds Call Payday Lenders' 'Choke Point' Claims 'Erroneous'

    Federal banking regulators said a bid by payday lenders to get an emergency injunction to stop “Operation Choke Point” was based on “erroneous and unsupported speculation” that supervisors were increasing pressure on banks to cut off their relationships with those companies.

  10. November 28, 2016

    Payday Lenders Say Feds Increasing 'Choke Point' Pressure

    Payday lenders seeking to stop what they call an effort by federal regulators to cut them off from vital banking services under "Operation Choke Point" on Wednesday asked a federal judge to issue an emergency injunction after the pace of banks closing accounts picked up in recent months.