Press Release
Issa, Jordan Probe Federal Regulators’ Role in Operation Choke Point, Uncover Evidence of FDIC Pressuring Banks
“The Federal Reserve Board is the primary supervisor and regulator of bank holding companies and state-chartered banks that are members of the Federal Reserve System. In the course of its investigation of Operation Choke Point, the Committee has learned that federal regulators are pressuring banks to terminate relationships with legal yet disfavored industries, without regard to the legitimacy or risk profile of individual companies.”