"By “reputational risk,” Luetkemeyer was referring to a list originating within the FDIC that categorizing certain industries as risks to the banking industry. The goal, as part of Operation Choke Point, was to encourage banks to end relationships with customers engaged in those enterprises, choking them off from their financial life blood."Friday, December 12, 2014
Congressman Wants FDIC to Pay for ‘Choking' Businesses
Congressman Wants FDIC to Pay for ‘Choking' Businesses:
"By “reputational risk,” Luetkemeyer was referring to a list originating within the FDIC that categorizing certain industries as risks to the banking industry. The goal, as part of Operation Choke Point, was to encourage banks to end relationships with customers engaged in those enterprises, choking them off from their financial life blood."
"By “reputational risk,” Luetkemeyer was referring to a list originating within the FDIC that categorizing certain industries as risks to the banking industry. The goal, as part of Operation Choke Point, was to encourage banks to end relationships with customers engaged in those enterprises, choking them off from their financial life blood."
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