Case Study: My Experience With Tips

February 4, 2018

Financial

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Procedure of 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. There are so many businesses that were choked and among them were the guns businesses that are actually legal.

Not only did the law affect the businesses alone, it also had some financial organizations like the Andrew Philips Cardflex cornered due to some allegations that they had done business with a listed company. The unfairness comes in when they are putting some very innocent lawful business people out of business and ruining their source of income. 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.

The gun shops and other businesses were receiving notices from their respective banks that they will not be able to work with them. The banks and other financial institutions were forced to end some very long term relations with some of these businesses that had to trouble with for all that time. Some, like the Andrew Phillips Cardflex were sued for allegedly helping a listed company to steal from the consumers accounts. The ones in the business have been unfairly targeted and required to make other finance arrangements which lead to a lot of losses because it is not an easy process. 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.

This kind of law affect where people get their income and some having to face legal procedure. The ones that have to end up with a case in court like the Andrew Phillips Cardflex lose a lot of time, energy and even financed in the process. The program was ended last year but the businesses are yet to heal if not stop being targeted. Such law that exploit others at the expense of others is against the core purpose of the government. Be considerate to the ones that are unfairly being targeted and they do not even deserve it. Such a law should be buried and forgotten because it is just out of order.

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