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American Banker: Financial market regulators can do more to tackle racial economic inequality

American Banker, June 29, 2022, Financial market regulators can do more to tackle racial economic inequality

What many people may not fully appreciate is that financial regulators, who can promote access to lending, capital, and other financial services, have an important role to play — indeed, often an affirmative obligation to act — in addressing racial economic inequality. That inequality has become entrenched in our financial and economic systems through centuries of brutality and discrimination. Solving the problem will therefore require many different strategies. Among them are a number of important actions that financial regulators can take in the near term.

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