FDIC Not Involved in Operation Choke Point (Mostly)

The agency's inspector general's investigation finds that the FDIC's involvement in Operation Choke Point was "inconsequential." However, it did find evidence that some FDIC officials, including regional directors in Chicago and Atlanta, had sent communications to banks reflecting negatively on payday lenders that were not consistent with the FDIC's written policy and guidance. [9/18/15]