“There is a determined effort from [the Justice Department] to the regulators to cut off credit and use other tactics to force [payday lenders] out of business,” he said. “I find that deeply troubling because it has no statutory basis, no statutory authority.”
July 16, 2014
Networks come in many forms. There are highways for commuting, broadband Internet for web surfing, wireless communications for text messages and phone calls — all constituting infrastructure that underlies vital daily activities. As valuable as they are, these networks can also be used for crime — drunk driving on our roads, predatory online activities, violent threats communicated over a call or text. Because of the unquestionable utility of our nation’s networks, law enforcement pursues such crime directly — and not the innocent and uninvolved infrastructure over which the crime occurs.
July 15, 2014
Congressional Republicans warned Tuesday that the Justice Department’s Operation Choke Point is using “an axe rather than a scalpel” to target fraudulent businesses, leaving legitimate enterprises such as gun sellers as collateral damage.
Regulators and the U.S. Justice Department will appear at a congressional hearing today on their role in an investigation of banks’ ties to payday lenders, a probe that industry groups and Republican lawmakers say has harmed legitimate businesses.