Digital Black-owned bank aims to tackle economic injustice
• 9 min read
Uncovering the history of the Tulsa massacre
Oklahoma Rev. Dr. Robert Turner discusses his efforts to identify victims of the 1921 race massacre.Courtesy of Greenwood
Part of the conversation about the recent racial reckoning in the United States amid the Black Lives Matter movement surrounds economic injustice. Inequity in home ownership between white and Black Americans, a scarcity of banking options available in Black and brown communities, and the difficulty Black entrepreneurs face securing loans to fund small businesses are some of the concerns over financial inequality.
A bill last year was introduced in Congress by a handful of Senate Democrats to make discrimination in the banking industry explicitly illegal for the first time. The bill has been sitting in the congressional Committee on Banking, Housing, and Urban Affairs.