News Topic: Racial Bias

Several organizations serving the industry are speaking out following the murders of eight Asian women in Atlanta. ]] ... Read full article

"On streets, online and in many Asian-owned small businesses, we are seeing physical assault, verbal harassment and refusal of service," the JPMorgan Chase CEO wrote in a memo to staff. "These racist acts cannot — and will not — be ... Read full article

With a steady stream of Senate hearings held on the racial wealth gap and inequities in the financial system, the new chairman has set a consumer-focused agenda that leans further left than even past Democratic chairs. ... Read full article

The number of credit unions having serious conversations about diversifying their boards is on the rise, according to a new study from CUES, but those efforts are more likely to succeed if targets, education and other factors are in place. ... Read full article

An industry founded to provide affordable financial services to those of modest means needs to do a much better job of recruiting Black, Latino and other minorities to the workforce and the member base. ... Read full article

The ongoing national conversation about race and social justice has increased calls for boards of directors that better reflect credit union membership. But any really change won't happen quickly. ... Read full article

Interim CFPB Director Dave Uejio expressed concern that financial institutions have dragged their feet in resolving disputes with consumers for service issues during the pandemic. ... Read full article

Dave Uejio, acting director of the Consumer Financial Protection Bureau, promised to protect veterans from predatory loans and to crack down on companies that improperly garnish stimulus checks or mistreat struggling borrowers. ... Read full article

The president’s executive action looks to assess the impact of the previous administration's alterations to the Affirmatively Furthering Fair Housing and Disparate Impact rules, while reinforcing Biden’s vow to eliminate discriminatory lending ... Read full article

The Iowa-based institution hopes the funds can help narrow the racial homeownership gap in the state, which is believed to be among the worst in the nation. ... Read full article

The credit union announced a $1 million commitment to the New Jersey Education Association spread over 10 years, with the first installment helping expand the group’s Human and Civil Rights Division. ... Read full article

Just like the industries that they cover, the lack of Black representation among news outlets acts as a barrier against understanding and eliminating systemic racism. ... Read full article

The flow of assets and capital in manager selection, municipal bonds and business and mortgage capital reveals forms of systemic racism that often get overlooked. ... Read full article

The flow of assets and capital in manager selection, municipal bonds and business and mortgage capital reveals forms of systemic racism that often get overlooked. ... Read full article

Controversies over trainings that address white male privilege detract from the important role DEI initiatives play in helping the country move forward. ... Read full article

The hurdles faced by Black professionals who break into the financial services belie the notion that their small numbers at the industry’s top ranks are a pipeline problem. ... Read full article

The hurdles faced by Black professionals who break into the financial services belie the notion that their small numbers at the industry’s top ranks are a pipeline problem. ... Read full article

A contentious presidential contest and social justice protests have forced employers to consider whether these types of topics should be discussed in the workplace. ... Read full article