Inspector General's Report on the FDIC's Role in "Operation Choke Point"

The Office of the Inspector General's just released report is here.

Excerpt:  "We determined that the FDIC’s supervisory approach to financial institutions that conducted business with merchants on the [DOJ's] high-risk list was within the Corporation’s broad authorities granted under the FDI Act and other relevant statutes and regulations. However, the manner in which the supervisory approach was carried-out was not always consistent with the FDIC’s written policy and guidance."