Atlanta Fed President Raphael Bostic pointed to a few Atlanta neighborhoods to explain why the Federal Reserve intends to revise the law that governs banking in many minority and lower-income communities.
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New bank for Black, Latinx consumers starts as Fed seeks to equalize credit access
The new bank announced Thursday by Andrew Young, Killer Mike and Ryan Glover illustrates the purpose behind the nation’s first sweeping update in 25 years of rules that govern banking in minority communities – a review that aims to address inequities in access to credit.
