There has been numerous tales in the press about how exactly I experienced a ‘victory’ on Capitol Hill with regards to the « Durbin Amendment » that regulates debit cards. A number of these articles, nonetheless well intentioned, missed the idea and misstated facts that are key. If there was clearly a success it absolutely was for anyone who’ve been kept from the monetary and systems that are healthcare. We went along to Washington as an advocate when it comes to overlooked and underserved – to talk for all whose sounds aren’t being heard.

Credit is a result of lawmakers for focusing on how programs like my RushCard are serving the underserved by supplying an alternative solution to banks that are big always check cashers and assisting with medical expenses. I’m thankful that lawmakers offered an exemption for several services and products serving the underserved. In my opinion it really is a positive thing that lawmakers are pressing other prepaid cards to become more like RushCard by giving incentives for features my card currently has – like maybe maybe perhaps not recharging overdraft charges and supplying free ATM deals. I will be really proud that RushCard was a frontrunner into the motion of cash away from big banking institutions which can be not really attentive to big sections of this populace. Continuer la lecture de « Russell Simmons Needs Retractions From Washington Post and BusinessWeek »