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Category: Racial Justice

The Travesty of Zero Progress in Homeownership Rates in 45 Years Proves the Community Reinvestment Act (CRA) Has Failed and Must Be Strengthened

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 […]

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Racial Justice Op-Ed in American Banker: Financial Market Regulators Can Do More to Tackle Racial Economic Inequality

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. […]

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The Community Reinvestment Act (CRA) Rule that the Banking Regulators Proposed Today Must Ensure All Americans Have Fair, Equal and Nondiscriminatory Access to Financial Services and Products

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 […]

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Better Markets Supports CFPB Proposal to Fight Gender and Racial Financial Inequality by Requiring Robust Small Business Lending Data Collection

FOR IMMEDIATE RELEASE Thursday, January 6, 2022 Contact: Doug Walker at 202-618-6430 or dwalker@bettermarkets.org 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 […]

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Better Markets Report Examines Ways the SEC Can Address Racial Economic Inequality Through Securities Regulation

FOR IMMEDIATE RELEASE Thursday, December 9, 2021 Contact: Doug Walker at 202-618-6430 or dwalker@bettermarkets.org 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 […]

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The Banking System Must Change to Address Racial Economic Inequality: New Better Markets Report

FOR IMMEDIATE RELEASE Thursday, December 2, 2021 Contact: Doug Walker at 202-618-6430 or dwalker@bettermarkets.org 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, […]

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Better Markets Applauds OCC Proposal to Rescind its Seriously Flawed 2020 CRA Rule

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 […]

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Justice for All

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 […]

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If Justice for All Is to Mean Anything in America, the George Floyd Verdict Must Be Just the Beginning

FOR IMMEDIATE RELEASE Wednesday, April 21, 2021 Contact: Pamela Russell at 202-618-6433 or prussell@bettermarkets.com 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 […]

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Modernizing Community Reinvestment Act Necessary to Meet Credit Needs of Underserved Communities

FOR IMMEDIATE RELEASE Wednesday, February 17, 2021 Contact: Pamela Russell at 202-618-6433 or prussell@bettermarkets.com 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 […]

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