While interchange policies may have a stated goal of benefitting businesses and consumers, they have the opposite effect. They especially hurt consumers by increasing the cost of banking, which is particularly concerning for those who are lower income or in marginalized communities. For example, a 2019 Federal Reserve report found that 63 million Americans are either unbanked or underbanked. A main reason for this seems to be high fees on checking accounts and other traditional financial products. So, increased fees due to interchange regulation will only further marginalize this segment of the US population. Similar concerns have been raised in Federal Reserve Governor Michelle Bowman’s statement on the proposed revisions. I urge policymakers to take heed and closely examine the existing evidence before further hurting American consumers and businesses through interchange regulation. Link to full article - /articles/2024/02/14/how_debit_card_intervention_hurts_everyday_americans_1011310.html
I am honored to announce the Cybersecurity Career Ambassador Program launch today, which aims to inspire, engage, and inform the public about the demand, opportunities, and multiple career options available through a network of volunteers to serve as champions for expanding and diversifying the nation’s cybersecurity workforce.
The Cybersecurity Career Ambassador Program seeks to create a national network of stakeholders to serve as champions for expanding and diversifying the cybersecurity workforce.
A key pillar of the program is to raise awareness on the need for diversity in the field and help to promote cybersecurity roles, especially those that increase the participation of women, minorities, veterans, persons with disabilities, and other underrepresented populations.
Register your interest to become a Cybersecurity Career Ambassador!
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