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Procedure of Choke Point Unfairness by Andrew Phillips Cardflex

The government of the USA in 2013 made a new law that used its agencies to discourage the banks from engaging in business with the “high risk businesses” that were believed to be exploiting the consumers. The agenda was to chock off the businesses that were exploiting the consumers. This law lost its effect when it included a lot of legal businesses that were considered to be a scam to the consumers and that included the fire arms and ammunition.

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. As was expected, this was met by a lot of resistance by congress who were trying to put an end to this “operation “until it was allegedly over.

The gun shops and other businesses were receiving notices from their respective banks that they will not be able to work with them. These notices were a result of the government using its agencies to force the banks and other organizations to terminate their good and long term relationships with their customers. A company like the Andrew Phillips Cardflex are in court because they engaged in business with a company that had been listed with the “high risk”. When you get a notice from your bank then you have no other option than to make other financial arrangements that will not only inconvenience you, but also cost you. Both the financial organizations and the listed businesses are set to incur losses. The damage that this kind had or will have on the business at large is only imaginable.

Andrew Phillips Cardflex law saw some businesses closing and others incurring massive losses if they do not end up in court. The ones that have to end up with a case in court like the Andrew Phillips Cardflex lose a lot of time, energy and even financed in the process. The program was ended last year but the businesses are yet to heal if not stop being targeted. The government should make laws that equate all the citizens. We should think of those people that depend on the businesses that were listed as “high risk” to feed their families. Andrew Phillips Cardflex is a law that should be forgotten because it is outdated because fairness should always be a priority.