November 27, 2020         
Indigenous Land-Based STEM Education - The Classroom of the Future   •   Outstanding Korean Products Introduced on TradeKorea Webpage - Food & Beverage   •   Narconon Latin America Helps Community Stay Safe During Coronavirus Pandemic   •   Minister of Justice hosts virtual forum on Diversity on the Bench   •   CTA Releases "What We Heard" report on Phase II of its Accessible Transportation for Persons with Disabilities Regulations   •   iHeartMedia and Podimo Partner to Translate and Adapt Widely Popular Podcasts For Listeners Globally   •   Because Apes Are Hairy Too, MANSCAPED™ Supports the San Diego Zoo!   •   Vehicle Retail Sales Decline due to Quirky Sales Calendar; When Adjusted for Selling Days, Retail Sales Stable   •   Hall of Fame Resort & Entertainment Company Reveals Details of Hall Of Trivia on HQ App   •   Wondershare FamiSafe: The Most Reliable Parental Control App   •   Majority of Americans Expect to Buy Gifts This Holiday Season Despite Tumultuous Year, but Many Cut From the Gift List According   •   Michaels is Calling On #DifferenceMakers to Creatively Spread Holiday Cheer   •   Outstanding Korean Products Introduced at TradeKorea Webpage - Beauty & Fashion   •   F-LANE: Accelerating Female Empowerment globally in times of COVID-19   •   MANSCAPED™ Named Official Sponsor of Bad Boy Mowers Crossover Classic   •   Comcast RISE Awards Over 700 Black-Owned, Small Businesses with Marketing and Technology Resources and Makeovers   •   Papuan Pastor Questions BBC Reports on Indonesian Palm Oil Company Korindo   •   Enough is Enough: Ontario Engineering Community Committed to Uprooting Systematic Biases   •   SONTIAN's Exhibition at Automechanika Shanghai 2020 is Packed With 100+ Free Samples and Live Streaming Available to All Automot   •   “KISS THE GROUND” Wins Its 25th Film Festival Award to Date
Bookmark and Share

Minority CEOs Warn: "New Interchange Proposals Could Reduce Credit Availability"

WASHINGTON,  -- The Minority Business RoundTable (MBRT), a leading national non-profit organization representing CEOs of minority-owned businesses, today urged Senators to reject last-minute amendments revamping the credit card "interchange" system, which helps provide credit to millions of small businesses and consumers.

 Roger A. Campos, CEO of the Minority Business RoundTable, issued the following statement:

"The banking bill has been debated for months. That's not true of several last-minute amendments regulating the credit card 'interchange' system. Senators should carefully scrutinize these proposals to ensure that they do not threaten credit availability to small and minority-owned businesses, many of which already lack access to sufficient capital.

"Evidence suggests that the proposed new interchange rules could harm community banks and credit unions, the primary lenders to millions of small and minority-owned businesses. If enacted, these rules also could cause financial harm to consumers, according to the Government Accountability Office.

"Constricted credit and reduced consumer spending are the wrong recipe for America's economy. These significant changes to the credit system need to be thoroughly vetted and scrutinized. The Senate should not ram them through without review."

About the Minority Business RoundTable

The Minority Business RoundTable (MBRT), a registered non-profit corporation, is a national membership organization for CEOs of African-American-, Hispanic-American-, Asian-American-, and Native-American-owned top-tier businesses, representing a variety of trades and industries. Members hold positions equivalent to chief executive officer (CEO) or chairperson in their respective businesses. MBRT functions as the vehicle for its members to analyze and help formulate effective public policies that impact minority-owned businesses.

For more information, please visit www.mbrt.net

 

SOURCE Minority Business RoundTable



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News