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2019

The Future of Banking: Overcoming Barriers to Financial Inclusion for Communities of Color

Systemic failures in the financial sector led to the financial crisis of 2007-2008 and the Great Recession that followed. These crises disproportionately impacted low- and moderate-income (LMI) communities of color through job loss, foreclosures and an unprecedented loss of wealth. During the recession, Latinos’ household wealth declined by 66%, and African Americans’ by 53%, while White...

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