Racism and the Economy: Focus on Financial Services – Nov 16

Posted by Federal Reserve Bank of Minneapolis on November 9, 2021

We want to invite you to join us on November 16, from 12 p.m. to 2:00 p.m. ET, for Racism and the Economy: Focus on Financial Services. This is the next event in our virtual series, which examines the impact of structural racism on our economy and advances ideas to improve economic outcomes for all Americans.

The tenth installment of our virtual event series will examine structural racism in our financial services system and its impact on the economy. We will survey historical and present-day barriers to traditional financial services that exist for people of color, which can drive them into expensive and sometimes exploitative alternatives. This session will envision new products and practices, prioritizing people and places that have experienced chronic disinvestment and exclusion. It will explore ways to address root causes that can result in more equitable access to financial services and help close these gaps. Leaders from financial institutions, consumer protection organizations, research institutions, and others will explore ways that we can fully support consumers and financial service providers to ultimately help facilitate an economy that works for all.

Register.

Racism forms the foundation of inequality in our society. It limits opportunity for people of color and threatens the health of our economy. While the global pandemic has intensified racial and economic disparities, the killing of George Floyd in Minneapolis has galvanized people from all walks of life to address the systems and structures that enable and perpetuate these outcomes.

Hosted by all 12 District Banks of the U.S. Federal Reserve System, “Racism and the Economy” is a virtual series that brings together community, business, and academic leaders to examine the economic impact of racism and advance bold ideas and concrete actions to achieve an economy that makes opportunity available to everyone.