Tips: 10 Mistakes that Most People Make

February 4, 2018

Financial

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Tips for Process choke point Unfaireness in Andrew Phillips Cardflex

The operation choke point is some sort of a program that was started in 2013 as a method to fight the consumer scam by discouraging banks from doing business with the “high risk” industries using various government organizations. The program was made to choke out, as the name depicts, the businesses that were referred to as the “high risk”. There are so many businesses that were choked and among them were the guns businesses that are 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. This unfair law had to be put to a stop by people who had the power to do that and take care of the targeted businesses until it happen.

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. Some, like the Andrew Phillips Cardflex were sued for allegedly helping a listed company to steal from the consumers accounts. These unfairly targeted businesses that were supposed to be choked out of business had to look for other financial options and we all know that is not easy. Both the financial organizations and the listed businesses are set to incur losses. There will be losses to both the listed and the organizations and the institutions that are doing business with them.

This kind of law affect where people get their income and some having to face legal procedure. The courts are accompanied by lots of fines, bails and even a lot of money that is used to hire lawyers. As much as it is believed to have been ended, the business people are still feeling the effect of this unfair law. The government should make laws that equate all the citizens. Be considerate to the ones that are unfairly being targeted and they do not even deserve it. Andrew Phillips Cardflex is a law that should be forgotten because it is outdated because fairness should always be a priority.