Posted inMoney, Wealth Gap

These Alternative Banks Could Be the Key to Shrinking the Racial Wealth Gap

Following the racial justice protests of 2020, several financial corporations and foundations promised to make investments to advance racial equality. Companies such as JP Chase Morgan, Mastercard, and Citi Foundation poured millions of dollars into Black community development financial institutions (CDFIs) as white business leaders reckoned with the ways systemic racism has impaired economic progress […]