Equal Access to Banking Services

Equal Access to Banking Services

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Roble Musse started this petition to U.S. House of Representatives and
  • Every business that is operating legally and has the required licenses should have the right to be banked in the USA. National Banks should have the ability to manage risk while also allowing equal access to their services.
  • National banks have applied de-risking in a discriminatory manner denying small and immigrant-owned remittance companies accounts while continuing to serve larger operators and venture-backed upstarts.
  • Thousands of well-paying jobs are in jeopardy, and millions of US residence are being denied access to culturally specific services as a result of bank de-risking.
  • Bank de-risking has also caused a public safety crisis by forcing many of these unbanked businesses to store large amounts of cash in their premises; making them vulnerable to attacks by robbers.
  • Congress should conduct a hearing on bank de-risking and determine whether “the right to be banked” can be guaranteed by the Federal Reserve or through an act of law.
  • We urge senator and presidential candidate Elizabeth Warren to expand her anti-competitive proposal for big tech to include the financial industry. Financial service providers offer their brands of payment and remittance services but can deny smaller companies the ability to access essential banking services, thereby preventing them from competing.
  •  For information about this campaign visit - https://www.therighttobebanked.com/
0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!