The Washington Examiner (here), Glenn Reynolds in USA Today (here), and the House Committee on Oversight and Government Reform (here) have news of how the Justice Department tried to pressure banks and payment processors to stop doing business with payday lenders and other businesses not popular with the Obama administration.
Said the Committee's chairman, Darrell Issa: "Operation Choke Point is the Justice Department's newest abuse of power...If the administration believes some businesses should be out of business, they should prosecute them before a judge and jury. By forcibly conscripting banks to do their bidding, the Justice Department has avoided any review and any check on their power."
