Category Archives: Operation Choke Point

FDIC Backs Down on “High-Risk” Merchant List That Included Coin Dealers

The Federal Deposit Insurance Corporation has fully reversed its position on a list of merchant categories thought to present a high risk for payment fraud. In a May 29 article, the Wall Street Journal reports that a suit brought by payday lenders against the FDIC has been settled and that banks must no longer rely […]

The post FDIC Backs Down on “High-Risk” Merchant List That Included Coin Dealers appeared first on CoinWeek.

Continue Reading on CoinWeek