Racial Bias

Credit union groups decry racism toward Asian Americans

03/19/21

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

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Dimon condemns racism against Asian Americans in all-staff memo

03/17/21

"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 tolerated."

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Sherrod Brown quickly shifts Senate Banking panel's course

03/15/21

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.

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Formal processes crucial to diversifying credit union boards: Report

03/05/21

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.

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Credit unions can't fulfill mission without embracing diversity

03/02/21

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.

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Credit union boards slow to diversify despite mounting pressure

02/26/21

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.

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Acting CFPB head calls out industry for slow complaint response times

02/10/21

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.

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New CFPB boss vows to get tough on military lending, pandemic relief laws

01/28/21

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.

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Biden calls on HUD to examine Trump-era changes to fair housing rules

01/27/21

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 practices.

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