Senate Banking Committee Chairman Brown Presses DoorDash on High-Cost Loans to Small Businesses
May 23, 2024
May 23, 2024
WASHINGTON, May 23 -- Sen. Sherrod Brown, D-Ohio, chairman of the Senate Banking, Housing and Urban Affairs Committee, issued the following news release on May 22, 2024:
Today, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, raised concerns about DoorDash advertising merchant cash advance (MCA) products to small businesses on its platform.
"MCAs are often high cost: merchants have paid the equivalent of in . . .
Today, U.S. Senator Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, raised concerns about DoorDash advertising merchant cash advance (MCA) products to small businesses on its platform.
"MCAs are often high cost: merchants have paid the equivalent of in . . .