The Federal Deposit Insurance Corporation is serious about addressing Operation Choke Point, the program created by the Justice Department to “statement to its supervised institutions intended to counteract the broad-based risk assessments previously made under the program, the FDIC tasked its Office of Inspector General with conducting a formal investigation of the program and any staff who may have played a part. out” companies the administration considers “high risk” by denying them access to the banking system. In addition to releasing a
The FDIC has also establised a new, dedicated toll-free number and an email address that allows institutions to confidentially report FDIC personnel that are not following FDIC policies on providing banking services.
According to Rep. Blaine Luetkemeyer (R-Mo), one of the program's most vocal critics, FDIC Chairman Martin Gruenberg and Vice Chairman Tom Hoenig acknowledged the "wrongdoing" within the FDIC during a meeting with Luetkemeyer on Wednesday.
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