Law360, New York ( March 26, 2015, 10:26 AM EDT) -- The days of running Operation Choke Point as if the U.S. Department of Justice and the federal banking regulators were Elliott Ness and the Untouchables seem to be coming to a close. There are signs that the government is backing away from using "guilt by association" to pressure banks into severing ties with third-party processors and presumed unsavory merchants. Intimidation seems to be going out of style, and there are signals of a cultural shift toward more transparency and accountability. Still, Operation Choke Point is a force to be reckoned with for banks caught in the middle when the government goes after suspected bad guys....
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