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> But payday loan companies and credit cards that charge 29% interest plus hundreds of dollars in feeds to "help people with poor credit" are fine. Nope, you d
by sedachv 10y ago
> But payday loan companies and credit cards that charge 29% interest plus hundreds of dollars in feeds to "help people with poor credit" are fine.
Nope, you do not even need to commit crimes to be targeted by the DOJ:
https://en.wikipedia.org/wiki/Operation_Choke_Point https://en.wikipedia.org/wiki/Operation_Choke_Point
https://news.vice.com/article/is-the-doj-forcing-banks-to-terminate-the-accounts-of-porn-stars https://news.vice.com/article/is-the-doj-forcing-banks-to-te...
Payday loan companies in particular were hit hard by Operation Choke Point in 2013 (I worked at a "lending startup" that was targeted and had to pivot; a lot of payday/consumer lending companies ended up shutting down).