Gun dealers from around the country who found themselves caught    in the cross-hairs of the Obama administrations Operation    Choke Point program are hailing its demise after years of    controversy.  
    The program, started in 2013 and declared dead by the Justice    Department last week, pressured banks to stop handling payments    for businesses deemed high risk for fraud, including ammo and    firearms sellers -- even without evidence of wrongdoing.  
    I have no doubt in my mind that many of our members,    particularly retailers, but also manufacturers and importers,    were victims of Operation Choke Point, said Lawrence Keane,    senior vice president and general counsel of the National    Shooting Sports Foundation, the firearms industry trade    association.  
    Were very pleased to see the end of the program, Keane told    Fox News. It was very nefarious and it took a lot of work to    shine a light on it and get it stopped.  
    Assistant Attorney General Stephen Boyd, in a letter dated    August 16 to Rep. Bob Goodlatte, R-Va., chairman of the House    Judiciary Committee, called the program a misguided initiative    conducted during the previous administration.  
    Mike Schuetz, 43, of Hawkins Guns in northern Wisconsin became    an Operation Choke Point victim when his credit union notified    him that his account was being closed in November 2014.  
    TRUMP DOJ ENDS HOLDER-ERA 'OPERATION CHOKE    POINT'  
    Seeking answers,he went to the credit unionand    secretly taped a meeting with the manager.  
    Were really not anti-gun as a company, but our hands are    tied, and I feel horrible about this, the manager told him on    the tape. I didnt sleep last night.  
    Schuetz told Fox News his business suffered until he could find    another bank, located 40 miles away. He said he lost customers    and today is still dealing with the fallout.  
    He also became an outspoken Operation Choke Point critic, and    landed in the national spotlight  including an appearance    onFox News.  
    Im very pleased and very happy that the current    administration and the DOJ have chosen to terminate it, he    said. However, it doesnt fix my situation. But it does    prevent someone else from having to deal with things I had to    deal with.  
    Russ Farnsworth, 29, a licensed online gun auctioneer in    Montville Township, Ohio, told Fox News his bank stopped doing    business with him last year.  
    I didnt know about Operation Choke Point, but when I got the    letter from the bank and found out about it, it kind of made    sense, he said.  
    He said he switched to another bank.  
    It was just an unnecessary hassle, I guess, Farnsworth said.  
    Bill Edwards, 66, said more than a dozen banks rejected his    application for a loan to build a shooting range in Raleigh,    N.C.  
    We had a great business plan and we would get turned down and    not get any answers, he told Fox News. "We were dumbfounded.    Its kind of an unwritten rule: Dont lend to firearms    business.  
    DOJ ACCUSED OF BLOCKING LEGAL GUN SHOPS, OTHER    BUSINESSES FROM BANKING  
    He finally obtained a loan from a Tennessee bank. Edwards    opened the Triangle Shooting Academy last year and is building    another shooting range in Greensboro.  
    He said Operation Choke Point made it more difficult to find a    loan.  
    I think there are two factors chiefly in play  one is that a    lot of folks in the banking industry dont understand the    firearms industry, but I also think that it was the regulatory    environment that identified the industry as riskier than    others, said Camden Webb, a Raleigh lawyer who has helped    Edwards and other clients navigate Operation Choke Point.  
    But now, as Im talking to banker friends about the industry,    they are much more willing to learn about the industry and    address that knowledge gap and I think thats a great thing,    Webb told Fox News.  
    The goal of Operation Choke Point was to choke off a    fraudster's access to banking networks to scam consumers.    Banking regulators working with the Justice Department    designated 30 businesses "high risk." But the list made no    distinction in lumping ammo and gun dealers in with payday    lenders, owners of porn shops, operators of escort services and    peddlers of Ponzi schemes.  
    Ryan Cleckner, a firearms attorney with Rocket FFL in    Nashville, thinks Operation Choke Point was a backhanded way    for the Obama administration to put the clamp on the firearms    industry without legislation.  
    Hes happy to see the program end, but wonders if that will    change anything anytime soon.  
    Im glad the federal government is not targeting and burdening    an entire industry anymore, but there is no guarantee all banks    are going to start doing business with firearms dealers, he    told Fox News.  
    Karl Frisch of Allied Progress, a consumer watchdog, bemoaned    the end of Operation Choke Point in a statement last week.  
    Operation Choke Point has been incredibly effective at    cracking down on the flow of money to fraudulent merchants that    violate the law and target vulnerable consumers, he said.  
    Brooke Singman contributed to this story.  
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Gun dealers bid adieu to Obama 'Operation Choke Point' program - Fox News