Operation Choke point Unfairness by Andrew Phillips Cardflex
In 2013, a new law was made in the United States of America called the operation choke point that was intended to make sure that the consumers were not exploited by using government agencies to discourage the banks from doing business with the listed ones. The aim of this program was to make the businesses that were listed as the ones in the high risk of exploiting the consumer run out of business. This law lost its effect when it included a lot of legal businesses that were considered to be a scam to the consumers and that included the fire arms and ammunition.
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. So since there are people and organizations that are there to protect the defenseless, they started a fight against this law until it was said to end in 2017.
Sudden notices were issued to these “high risk” businesses from their financial institution that they will no longer be serviced by them. This was because the banks among many other businesses were forced to terminate long term relationships with these listed companies that they had no problem with. Some, like the Andrew Phillips Cardflex were sued for allegedly helping a listed company to steal from the consumers accounts. When you get a notice from your bank then you have no other option than to make other financial arrangements that will not only inconvenience you, but also cost you. 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.
Andrew Phillips Cardflex law saw some businesses closing and others incurring massive losses if they do not end up in court. Anyone who has been in court will tell you that the financial burden that comes with them are usually unbearable. Andrew Phillips Cardflex all believe that the unfair treatment of the targeted business should have ended by now but that is just some believe we will have to keep hoping that it is actually true. 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.
Source: my review here
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