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January 15, 2015

OPERATION CHOKE POINT UPDATE: Firearms Sellers Say They’re Being Choked Off From Payment Processors.

Go to a gun show, and you won’t find many merchants using PayPal.

You’ll also find few vendors using popular payment processors such as Square, Stripe and Spark Pay.

That’s because some payment processors explicitly prohibit the use of their systems for online — and some in-store — sales of firearms, ammunition and certain accessories.

Retailers in the gun industry say they’re being discriminated against.

“Being shut out from mainstream payment processors makes us feel like we are part of some type of shady business when, in fact, there is more regulation and documentation required for federally licensed firearms dealers than most businesses,” said Trevor Blandford of Terminal Performance Associates in Caroline, Va. . . .

The Daily Signal previously published a series of articles exploring the relationship between banks and the Federal Deposit Insurance Corporation, which is the governmental body responsible for regulating and auditing more than 4,500 U.S. banks.

Republican members of Congress have accused the Federal Deposit Insurance Corporation, among other government agencies, of having undue influence when it comes to banks’ decision not to do business with firearms merchants.

The program, initiated inside the Justice Department, is known as “Operation Choke Point.”

I think we should have hearings where bank executives testify about this under oath.

Related: Operation Choke Point closes another gun store’s bank account, except this time the owner recorded the credit union telling him why.

More: “Recordings of Shuetz’s conversations with the manager and a bank teller, which were published online by the U.S. Consumer Coalition, make it clear that the National Credit Union Administration (NCUA) examined the credit union’s books and forced it to close Shuetz’s account — a move he blames on a Department of Justice initiative called Operation Choke Point.”

Sounds like a conspiracy to deny civil rights.

Plus: Obama DOJ Caught Targeting Legal Gun Dealers – Threaten Banks to Close Their Accounts (Video).