Tips for Process choke point Unfaireness in Andrew Phillips Cardflex
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 agenda was to chock off the businesses that were exploiting the consumers. 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.
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 law is there to make everyone equal and so when it is exploiting one at the expense of another like the people in the listed business, Andrew Phillips Cardflex becomes an unfair law. So since there are people and organizations that are there to protect the defenseless, they started a fight against this law until it was said to end in 2017.
When this law was instigated, the banks were forced to block the listed businesses from their services and that led them to sending notices to these businesses telling them that they will not be able to work with them. The banks and other financial institutions were forced to end some very long term relations with some of these businesses that had to trouble with for all that time. 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”. These unfairly targeted businesses that were supposed to be choked out of business had to look for other financial options and we all know that is not easy. So this shows that both the listed and the organizations that are doing business with them are a target. 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. Consider the affected people. Such a law should be buried and forgotten because it is just out of order.
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