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Bloomberg News
Bloomberg News
MOOT SUIT? Terminations of bank-payday lender relationships were the "banks' business decision," federal regulators said in response to a lawsuit filed by Advance America and a payday lending trade group. The FDIC has rescinded a controversial list of high-risk businesses targeted by the suit, regulators also said.
CCR - Regulation

Bank Regulators Ask Judge to Dismiss 'Choke Point' Lawsuit

Federal banking regulators are seeking the dismissal of a lawsuit filed by payday lenders that claim to be victims of Operation Choke Point.

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