Looking On The Bright Side of Laws

Procedure of Choke Point Unfairness by Andrew Phillips Cardflex

The government of the USA in 2013 made a new law that used its agencies to discourage the banks from engaging in business with the “high risk businesses” that were believed to be exploiting the consumers. The program was made to choke out, as the name depicts, the businesses that were referred to as the “high risk”. This was a good move at fast until the fire arms and the ammunition were also categorized as “high risk” among many other businesses that were actually legal.

Not only did the law affect the businesses alone, it also had some financial organizations like the Andrew Philips Cardflex cornered due to some allegations that they had done business with a listed company. The unfairness comes in when they are putting some very innocent lawful business people out of business and ruining their source of income. As was expected, this was met by a lot of resistance by congress who were trying to put an end to this “operation “until it was allegedly over.

When this law was instigated, the banks were forced to block the listed businesses from their services and that led them to sending notices to these businesses telling them that they will not be able to work with them. This was because the banks among many other businesses were forced to terminate long term relationships with these listed companies that they had no problem with. A company like the Andrew Phillips Cardflex are in court because they engaged in business with a company that had been listed with the “high risk”. When you get a notice from your bank then you have no other option than to make other financial arrangements that will not only inconvenience you, but also cost you. This means that neither the “high risk” nor the businesses that are doing any sort of businesses with them are in a good place. There will be losses to both the listed and the organizations and the institutions that are doing business with them.

Apart from people losing their businesses that they use to feed their families, they are being dragged to court due to this law. The ones that have to end up with a case in court like the Andrew Phillips Cardflex lose a lot of time, energy and even financed in the process. The program was ended last year but the businesses are yet to heal if not stop being targeted. The work of the government is to protect the citizens at all cost but that “all cost” should be limited up to where the law hurts other people. Consider the affected people. Such a law should be buried and forgotten because it is just out of order.


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