In 2013, Barack Obama's Justice Department launched Operation Choke Point, which it said it would use to “monitor” banks and other financial institutions who process transactions for payday loan businesses and other online lenders the administration considers open to fraudulent activities.
And now? The operation is reportedly being used against banks who do business with other types of companies the administration deems “high risk.” Among them: porn stores, escort services and drug paraphernalia shops.
And gun dealers. Yeah, gun dealers.
That means that gun shops that offer their products online and use a third-party company such as PayPal to handle credit card transactions are increasingly not worth the risk.
Already, gun retailers in Florida, Nevada and Arizona have experienced the fallout of heavy-handed government tactics – from banks freezing their accounts and refusing to process their credit card transactions to dropping their accounts altogether.
As reported by The Washington Times, the owner of a firearms supply company in Miami received a notice from his local bank saying it was dropping his online business:
“Unfortunately your company’s line of business is not commensurate with the industries we work with.”
The National Rifle Association says it is monitoring the situation but cannot yet confirm that “the federal government has an official policy of using financial regulators to drive firearm or ammunition companies out of business.”
Kudos to the NRA for its measured response, but if the Obama administration has taught us anything over the last five years, it's that it will stop at virtually nothing to implement its agenda.