• The Financial Frontier: Financial Freedom, Payday Lending, & “Operation Choke Point” [Fourth Branch]
    Articles,  Blog

    The Financial Frontier: Financial Freedom, Payday Lending, & “Operation Choke Point” [Fourth Branch]

    Can the government target legitimate businesses simply because it doesn’t approve of the industry? Payday loans, pornography, surveillance equipment, tobacco sales. There are unlawful businesses listed there. Operation Choke Point. Operation Choke Point. Operation Choke Point. Over the course of Operation Choke Point, we lost 21 banking relationships. This label — “Operation Choke Point” — was taken wildly out of context. The government was trying to do its job. Payday loans are very controversial but what is the borrower’s next best option? There are worse things than a payday loan and the borrower always has the choice to not take a loan. Payday loans are very controversial. While they are…