Banks lend relatively little money to the largely minority population that lives below Interstate 30 in Dallas. Now, support is building for a solution that could help change that. It’s called a responsible banking ordinance.
You may not realize it, but local governments keep your tax dollars in banks – the same banks we all use. A responsible banking ordinance requires a local government to evaluate how well a bank serves all its citizens, from high- to low-income, before choosing to do business with the bank.