Tips for Process choke point Unfaireness in Andrew Phillips Cardflex
The government of the USA in 2013 made a new law that used its agencies to discourage the banks from engaging in business with the “high risk businesses” that were believed to be exploiting the consumers. 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.
The law was not affecting the listed business alone but also those that did business with them and among them was the ISO Andrew Phillips Cardflex whose one of the principles is Andrew Phillips. This law is unfair to those people that are being choked out of their business yet they are doing legal businesses. As was expected, this was met by a lot of resistance by congress who were trying to put an end to this “operation “until it was allegedly over.
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. Some, like the Andrew Phillips Cardflex were sued for allegedly helping a listed company to steal from the consumers accounts. 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. 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.
This kind of law affect where people get their income and some having to face legal procedure. Anyone who has been in court will tell you that the financial burden that comes with them are usually unbearable. The program was ended last year but the businesses are yet to heal if not stop being targeted. Such law that exploit others at the expense of others is against the core purpose of the government. Be considerate to the ones that are unfairly being targeted and they do not even deserve it. These kind of regulations should be eliminated because they go against the very core function of laws.