Reports continue of businesses finding their bank and merchant accounts closed. They are legal businesses, but not popular with government agencies such as the Department of Justice “Operation Choke Point.” Notable among the businesses are firearm companies and online retailers. Kelly McMillan, director of operations for the McMillan Group, was told that the firearms company was no longer welcome as a Bank of America customer. McMillan discusses the issue, and what their company did about it – found a better, smaller bank, and created McMillan Merchant Solutions, a credit card processing and financial company. Originally aired on NRA News Cam & Co 5/19/14.
The director of operations talks about the company's experiences with Operation Choke Point.
January 29th, 2015Rep. Blaine Luetkemeyer: FDIC Addresses Operation Choke Point
The congressman explains the impact of the letter, the new rules, and pending legislation.
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