December 11, 2015
A payday lending industry group battling federal banking regulators over the allegedly unlawful pressuring of banks to stop doing business with the group's members as part of "Operation Choke Point" on Thursday said the agencies were attempting to hide high-level communications during the discovery process.
November 13, 2015
An industry group representing payday lenders on Thursday swung back at the Federal Deposit Insurance Corp.'s attempt to eject it from its suit alleging regulators are coercing banks into dropping the lenders, telling a D.C. federal judge that the regulators have waived their right to dismiss the group.
September 25, 2015
A D.C. federal judge on Friday rejected federal banking regulators' bid to end a suit filed by an industry group representing payday lenders alleging the regulators are coercing banks into dropping the lenders through the U.S. Department of Justice's "Operation Choke Point."
August 19, 2014
Federal banking regulators said Monday that an industry group representing payday lenders has no standing to bring a lawsuit alleging that banks were being forced to drop those lenders as clients through a campaign of coercion linked to the U.S. Department of Justice's "Operation Choke Point."
June 05, 2014
Payday lenders on Thursday sued three federal banking regulators in a bid to halt Operation Choke Point, the federal campaign to pressure banks to stop doing business with payday lenders and stop allegedly fraudulent consumer financial transactions.