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ARTICLE · 30 MARCH 2014

Why You Should Attend The "‘Operation Choke Point’ Boot Camp"

The Department of Justice has taken a new strategy to combat ‘predatory lenders and dubious online merchants’.

United StatesFinance and Banking

An important update to  my most recent post, about a topic which has been in the news lately: the Department of Justice has taken a new strategy to combat 'predatory lenders and dubious online merchants'.  That strategy, which is quite controversial in some circles, has been dubbed "Operation Choke Point".  The theory being that the "Choke Point" in the financial system is banks and payment processors.  By targeting those actors, the government can indirectly choke off the criminal ones.

As many of you know, TRANSACT14 is the Electronic Transaction Association's annual meeting, which this year is being held at the Mandalay Bay in Las Vegas, April 8-10.  This year's programming is revamped from prior years, to include additional focus on panels and industry tracks.  The programs promise to be very informative.

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