Darrell Issa, Chair of the House Committee on Oversight and Government Reform,
and Jim Jordan, Chair of the Economic Growth, Job Creation and
Regulatory Affairs Subcommittee, launched a probe Thursday after
uncovering evidence the Federal Deposit Insurance Corporation pressured
banks to terminate accounts with disfavored businesses. Information was
requested from Federal Reserve Chair Janet Yellen and Comptroller of
the Currency Thomas Curry, a Friday committee press release
reports. The purpose of the inquiry is to determine actions by federal
banking regulators in the multiple federal agency Operation Choke Point
initiative.
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