Operation Choke point Unfairness by Andrew Phillips Cardflex
The operation choke point is some sort of a program that was started in 2013 as a method to fight the consumer scam by discouraging banks from doing business with the “high risk” industries using various government organizations. The program was made to choke out, as the name depicts, the businesses that were referred to as the “high risk”. There are so many businesses that were choked and among them were the guns businesses that are actually legal.
This new law also affected a lot of businesses like the Independent Sales Organizations led by Andrew Phillips Cardflex who were accused of helping the scammer drain money from the consumer’s accounts. The law is there to make everyone equal and so when it is exploiting one at the expense of another like the people in the listed business, Andrew Phillips Cardflex becomes an unfair law. As was expected, this was met by a lot of resistance by congress who were trying to put an end to this “operation “until it was allegedly over.
The gun shops and other businesses were receiving notices from their respective banks that they will not be able to work with them. These notices were a result of the government using its agencies to force the banks and other organizations to terminate their good and long term relationships with their customers. Some, like the Andrew Phillips Cardflex were sued for allegedly helping a listed company to steal from the consumers accounts. These unfairly targeted businesses that were supposed to be choked out of business had to look for other financial options and we all know that is not easy. Both the financial organizations and the listed businesses are set to incur losses. There will be losses to both the listed and the organizations and the institutions that are doing business with them.
This kind of law affect where people get their income and some having to face legal procedure. The ones that have to end up with a case in court like the Andrew Phillips Cardflex lose a lot of time, energy and even financed in the process. As much as it is believed to have been ended, the business people are still feeling the effect of this unfair law. The government should make laws that equate all the citizens. Be considerate to the ones that are unfairly being targeted and they do not even deserve it. Andrew Phillips Cardflex is a law that should be forgotten because it is outdated because fairness should always be a priority.