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Why It's Time To Talk About Banking While Black (Essence)
Do you know what redlining is? Simply put, it’s the following:
Many of the most pressing climate justice issues for communities of color today can be traced back to the decades-long practice by banks and insurers that segregated America by concentrating Black homeowners in undesirable neighborhoods, preventing Black-owned businesses from getting loans, and engaging in predatory lending practices.
When we consider some of the most pressing problems facing our country, it’s important to find the common threads that bind them together. And banking is central to many of the racial and environmental issues that the Black community faces.
So many major banks have talked a big game in helping Black Americans. But unless they start operating differently, it’s just that. Talk.
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