News Topic: Racism
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Banks fully support expanding access to credit for small businesses
Banks are wrong to oppose CFPB data collection for small-business loans
Fintechs seek CFPB guidance on making AI-based lending fair
How banking changed after the killing of George Floyd
How East West CEO Dominic Ng is fighting anti-Asian hate
Fed's focus on racial justice is 'political advocacy,' GOP senator says
Biden administration to reinstate fair housing rules vacated by Trump
BofA expands racial equity pledge with focus on Asian Americans
TTCU donates $100,000 to Tulsa race massacre memorial
Congressional Black Caucus members back Baradaran for OCC job
Mehrsa Baradaran, a University of California, Irvine, professor and former banking lawyer, has worked hard to close the racial wealth gap and could further such goals as head of the Office of the Comptroller of the Currency, wrote 34 caucus members in a ... Read full article
Credit union groups decry racism toward Asian Americans
Several organizations serving the industry are speaking out following the murders of eight Asian women in Atlanta. ]] ... Read full article
GreenState Credit Union pledges $500M toward racial equity efforts
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
With Democrats in power, will CRA be expanded to nonbanks?
President Biden and Democrats in Congress have backed plans to subject a broader array of companies to Community Reinvestment Act requirements. But there’s no guarantee such reforms will happen. ... Read full article
Access Denied: The financial media
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
Access Denied: Allocation and exacerbation
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
Access Denied: Allocation and exacerbation
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
Access Denied: Representation
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
Access Denied: Representation
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
Access Denied: Underserved or ignored?
Opening a bank or investment account — or even securing employment in a racism-free workplace — is out of reach for many Black Americans. ... Read full article