Regulatory Payment Choke Points

Regulators can weaponize supervisory relationships with financial intermediaries to cut off access to banking and payment services for entire legal industries without new legislation. Such 'choke points' operate through informal examiner guidance, risk lists, and the threat of regulatory consequences, producing de‑facto market exclusions and shifting policy disputes from legislatures to bank compliance desks. — This reframes debates about administrative power and market governance by showing that control over financial rails is a high‑leverage tool for shaping economic and moral policy with wide consequences for access, free enterprise, and due process.