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Treasury Nominates First Racial Equality Counselor

NS Ministry of Finance Hired a former JP Morgan Chase An executive leading a new government program aimed at combating the issue of racial inequality in the banking and other financial services industries.

Treasury Secretary Janet Yellen Janis Browdler said on Monday that he would be the first counselor in the department of racial equality. Biden Administration to deal with systematic racism found in many parts of the economy.

Bank And finance are about racial inequity, from the lack of top-level representation of blacks and other minority companies to the ongoing problem of gaining equal access to services for non-white borrowers. I’ve had problems for a long time.

In a statement, Yellen said, “In ensuring that as the economy recovers from the pandemic, it will recover in a way that addresses the inequality that existed long before everyone was infected with COVID-19. Must play a central role in. “

Last week, the Department of Justice announced a new coordination plan with the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency to investigate and prosecute Redlining. This is a historic practice in which blacks and other minorities have been denied access to funding.

Prior to being appointed by the Treasury, Browdler was JPMorgan Chase & Co. I was the president of the Foundation. JPMorganChase seeks to target investments in poorly serviced areas and communities. She also worked for the National Council of Lalaza, an advocate for Latin issues.

Treasury Nominates First Racial Equality Counselor

Source link Treasury Nominates First Racial Equality Counselor

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