WASHINGTON, D.C.—Benjamin Schiffrin, Director of Securities Policy, issued the following statement in connection with Better Markets’ new Fact Sheet, “Three Ways The Financial Industry Targets Minority Communities”: “The failure of the mainstream financial industry to meet the needs of minority communities is well known, but less well known are the ways that players in the […]
WASHINGTON, D.C.— Dennis Kelleher, Co-Founder, President, and CEO, issued the following statement after Better Markets filed a comment letter to rulemaking agencies on ways to update the Community Reinvestment Act (CRA): “Credit, investment, and banking services have been unfairly if not illegally denied to too many Americans for too long. The CRA was supposed to […]
WASHINGTON, D.C.— Better Markets’ President and CEO Dennis Kelleher and Dedrick Asante Muhammad, Chief of Membership, Policy and Equity at the National Community Reinvestment Coalition, highlight the urgent need for financial market regulators to address racial economic inequality and lay out steps to tackle these persisting issues in an Op Ed in the American Banker. […]
WASHINGTON, D.C.—Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, released the following statement upon the release of a proposal to overhaul the Community Reinvestment Act (CRA): “Few laws have more potential to meaningfully improve the lives and livelihoods of tens of millions of Americans than the Community Reinvestment Act (CRA). However, it […]
FOR IMMEDIATE RELEASE Thursday, January 6, 2022 Contact: Doug Walker at 202-618-6430 or [email protected] WASHINGTON, D.C.—Legal Director and Securities Specialist Stephen Hall issued the following statement on the filing of Better Markets’ Comment Letter to the Consumer Financial Protection Bureau on its proposal to require financial institutions to collect and report demographic and other data […]
FOR IMMEDIATE RELEASE Thursday, December 9, 2021 Contact: Doug Walker at 202-618-6430 or [email protected] WASHINGTON, D.C.— Legal Director and Securities Specialist Stephen Hall issued the following statement on the release of a new Better Markets report, How Can the SEC Address Racial Economic Inequality Through Regulation of the Securities Markets for All Americans? “In a […]
FOR IMMEDIATE RELEASE Thursday, December 2, 2021 Contact: Doug Walker at 202-618-6430 or [email protected] WASHINGTON, D.C.—Phillip Basil, Director of Banking Policy at Better Markets, issued the following statement on the release of Better Markets’ new report, Addressing Racial Economic Inequality through the Banking System: “Generations of discrimination and mistreatment informed by racist beliefs, narratives, laws, […]
WASHINGTON, D.C.— Today, Phillip Basil, Director of Banking Policy at Better Markets, issued the following statement regarding the comment letter it filed and two comment letters it signed onto regarding the Office of the Comptroller of the Currency’s proposal to rescind its 2020 Community Reinvestment Act rule: “Better Markets has submitted a comment letter in […]
People across the world were heartened on April 20th to see justice done when the jury handed down a guilty verdict in the George Floyd murder trial. In a statement, Better Markets’ Dennis Kelleher noted that if justice for all is to mean anything in America, the George Floyd verdict “must be just the beginning.” “Justice […]
FOR IMMEDIATE RELEASE Wednesday, April 21, 2021 Contact: Pamela Russell at 202-618-6433 or [email protected] Washington, D.C. – Dennis M. Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, issued the following statement in response to the verdict in the murder trial of George Floyd: “Justice for all and equal justice under law are the […]
FOR IMMEDIATE RELEASE Wednesday, February 17, 2021 Contact: Pamela Russell at 202-618-6433 or [email protected] Modernizing Community Reinvestment Act Necessary to Meet Credit Needs of Underserved Communities Fed Must Commit to Overcoming Any Potential “Burden” to Banks Washington, D.C. – Stephen W. Hall, Legal Director and Securities Specialist, issued the following statement after Better Markets filed […]
All of us at Better Markets are deeply saddened by the recent killings of George Floyd, Ahmaud Arbery, Breonna Taylor and so many others. That indifference to human life and the humanity of our fellow citizens is shocking and intolerable. These tragedies—and the many other examples of police and official violence against minorities—have once again […]
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