Treasury Initiative Has Helped Back Minority-Owned Banks
Only a tiny portion of the more than 5,000 banks and financial institutions in the United States are owned by minorities. Only 149, to be exact. But a Mentor Protégé program launched by Treasury a couple of years back has helped keep those banks in minority hands while strengthening their finances. Our guest has earned a finalist slot in the Service to America Medals program this year for his work in the program. Assistant commissioner for revenue collections management at the Treasury Department, Corvelli McDaniel, joined Federal Drive with Tom Temin to discuss.