Obama and Holder cry Uncle, back off "Choke Point" for guns.

[OriginalShroom]

It's taken long enough...

http://www.washingtontimes.com/news/2014/jul/28/gun-retailers-payday-lenders-out-of-choke-points-c/

“Those that are operating with the appropriate systems and controls will not be criticized for providing payment-processing services to businesses operating in compliance with applicable law,” the FDIC said in its updated industry guidelines, issued Monday.

Richard Osterman, the agency’s acting general counsel, admitted to the American Banker newspaper Monday that the list had been “misinterpreted” by financial institutions.


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“While we support the FDIC’s decision to remove the list of ‘high-risk merchants’ from the FDIC website, damage has already been done to countless businesses across the country who have already lost their bank accounts,” he added. “Whether the list is published on the FDIC’s website or not, we expect banks will still be fearful of doing business with these lawful industries.”

 

[Mr. H.]

Does this mean banks will now cater to medical marijuana businesses too?