Week Russell Simmons Demands Retractions From Washington Post and Business

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Week Russell Simmons Demands Retractions From Washington Post and Business

Week Russell Simmons Demands Retractions From Washington Post and Business

There were many tales in the press about how precisely I’d a ‘victory’ on Capitol Hill in terms of the “Durbin Amendment” that regulates debit cards. A majority of these articles, nevertheless well intentioned, missed the idea and misstated facts that are key. If there is a success it had been for the folks 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 because of lawmakers for focusing on how programs like my RushCard are serving the underserved by supplying an alternative solution to big banking institutions and always check cashers and assisting with health care expenses. I will be thankful that lawmakers offered an exemption for many items serving the underserved. I really believe it really is a a valuable thing that lawmakers are pushing other prepaid cards to be much more like RushCard by giving incentives for features my card currently has – like perhaps maybe maybe not billing overdraft costs and supplying free ATM deals. I will be really proud that RushCard happens to be a frontrunner when you look at the motion of cash far from big banking institutions being not really attentive to big sections regarding the populace.

There were articles from respected publications (which other people have actually selected up and republished) that have essential mistakes and omissions. I realize that reporters have actually tough deadlines and therefore mistakes do happen. I wish to set the record straight and I also ask these magazines, the Washington Post and BusinessWeek, to write modifications.