In congressional testimony last month, the FDIC’s acting general counsel had denied any “substantive involvement” by the agency in Choke Point. Choke Point is a Justice Department initiative to cut off financial services to businesses it deems risky or objectionable. The operation “effectively transformed the  FDIC guidance on high-risk businesses into an implicit threat of a federal investigation,” Issa wrote.
Issa asked the FDIC to turn over all communications between the agency and the Justice Department’s Civil Division, as well as all documents relating to the FDIC’s guidance on high-risk businesses.
ABA has strongly opposed the premise of Operation Choke Point. In a Wall Street Journal op-ed, ABA President and CEO Frank Keating wrote:
The government is compelling banks to deny service to unpopular but perfectly legal industries by threatening penalties,” “Some of these businesses may indeed be risky. But that doesn't justify pre-emptively declaring them all criminals and freezing their access to the payments system.
Read Issa’s letter.