In 2013, a new law was made in the United States of America called the operation choke point that was intended to make sure that the consumers were not exploited by using government agencies to discourage the banks from doing business with the listed ones. The aim of this program was to make the businesses that were listed as the ones in the high risk of exploiting the consumer run out of business. This was a good move at fast until the fire arms and the ammunition were also categorized as “high risk” among many other businesses that were actually legal.
This new law also affected a lot of businesses like the Independent Sales Organizations led by Andrew Phillips Cardflex who were accused of helping the scammer drain money from the consumer’s accounts. This law is unfair to those people that are being choked out of their business yet they are doing legal businesses. This unfair law had to be put to a stop by people who had the power to do that and take care of the targeted businesses until it happen.
Sudden notices were issued to these “high risk” businesses from their financial institution that they will no longer be serviced by them. This was because the banks among many other businesses were forced to terminate long term relationships with these listed companies that they had no problem with. Companies like the Andrew Phillips Cardflex felt the heat when they had to go to court when they were claimed to have engaged in business with a listed company that led to a scam on the consumer’s credit and debit accounts. The ones in the business have been unfairly targeted and required to make other finance arrangements which lead to a lot of losses because it is not an easy process. This means that neither the “high risk” nor the businesses that are doing any sort of businesses with them are in a good place. There will be losses to both the listed and the organizations and the institutions that are doing business with them.
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. As much as it is believed to have been ended, the business people are still feeling the effect of this unfair law. 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.