Diversity and equality

Trump vs. Biden: What’s at stake for banks

09/17/20

The future of Fannie Mae and Freddie Mac, the Fed’s supervisory regime for the biggest financial institutions, reform of the Community Reinvestment Act and a host of other industry-related issues are on the ballot this November.

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NCUA diversity chief touts agency’s inclusion efforts before Congress

09/08/20

In congressional testimony, the director of the credit union regulator's Office of Minority and Women Inclusion outlined steps the agency is taking to increase diversity at the agency.

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BofA details investments to help Black- and Hispanic-owned businesses

09/08/20

Bank of America announced how it plans to spend a third of its $1 billion commitment to address racial and economic inequities and the effects of the coronavirus pandemic in communities of color.

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Fed wants banks to say what they’re doing to promote diversity

09/08/20

Even though financial institutions have "slightly" stepped up assessments of diversity practices, "we are not satisfied with the level of responsiveness,” a senior Federal Reserve official said in congressional testimony.

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Can multimillion-dollar pledge to Black banks help close wealth gap?

09/04/20

A New York CDFI is halfway to its $100 million fundraising goal for a fund that would put deposits in Black-owned banks and make loans to key businesses or projects. It hopes the moves will improve availability of capital and access to mainstream financial products.

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Black recruitment tops agenda for African-American CU Coalition's new chair

09/03/20

Larry Sewell has also pledged to continue a series of industrywide conversations on race relations.

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N.C. bank turns to Black colleges to broaden recruitment

09/02/20

Piedmont Federal Savings is working with historically Black colleges and universities to hire and train prospective commercial lenders and managers who better reflect the community it serves.

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Credit unions join banks in push to give workers time off to vote

09/02/20

The move is part of the effort by lenders and other companies to promote racial equity and be more sensitive to the stresses on front-line employees. It also coincides with rising concerns about the postal system’s ability to handle the rush of absentee ballots.

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Banks join push to give workers time off to vote

09/02/20

The move is part of the effort by banks and other companies to promote racial equity and be more sensitive to the stresses on front-line employees. It also coincides with rising concerns about the postal system’s ability to handle the rush of absentee ballots.

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Why PayPal just deposited $50 million in a small South Carolina bank

08/26/20

"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.

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