Senators McCain and Flake Urge Senate Banking, Housing & Urban Affairs Committee to Hold Hearing on Access to Banking Services along US-Mexico Border
Press Release
Date: Feb. 10, 2015
Location: Washington, DC
Issues: Finance and Banking Trade
U.S. Senators John McCain (R-AZ) and Jeff Flake (R-AZ) today wrote a letter urging the Chairman of the Senate Committee on Banking, Housing and Urban Affairs to hold a hearing on community and business access to banking services in states on the U.S.-Mexico border:
"[I]t is crucial for the economic vitality of businesses operating in border states to have access to capital and banking services through all avenues of banking--especially given the fact the Mexico is our third largest trade partner," write Senators McCain and Flake. "For this reason, we must do everything we can to balance valid security concerns along the border with unnecessary regulatory hurdles that impede adequate banking services along the southern border."
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