Research firm Creative Investment Research launched an impact investing vehicle calling on the Federal Reserve to create a funding facility to reduce Black maternal mortality. Almost $35 million in venture capital funding has gone to Black women-founded maternal health startups, but the number is negligible compared to investment in overall healthcare technology. Maternal healthcare startups […]
Author: minoritybank
Lakeland Bank Shows Signs of “Redlining” Newark
Provident Financial Services has entered a $1.3 billion deal to buy Lakeland Bancorp, which disclosed an ongoing fair lending investigation by the U.S. Justice Department. Provident Financial Services in Iselin, New Jersey, is pursuing a $1.3 billion deal for a rival, Lakeland Bancorp, despite concerns over commercial real estate concentrations and an ongoing fair-lending investigation […]
REPORT: INFLATION REDUCTION ACT COULD BRING BLACK AMERICANS $22.3 BILLION ECONOMIC IMPACT
According to The Inflation Reduction Act and the Black Community, August 2022 report by Creative Investment Research, the figure represents spending and tax rebates that could flow back into the Black community over nine years. The nearly $740 billion health care, tax, and climate bill became a law after President Joe Biden signed it last […]
Social Justice and Racial Equity Websites
The U.S. Economy Improved in the Second Quarter of 2022
The U.S. economy improved in the second quarter of 2022. Real GDP fell by 0.9% in Q2 after falling 1.6% in the first. Personal consumption expenditures (PCE), the value of the goods and services purchased by, or on the behalf of, “persons” who reside in the United States, increased $181.1 billion (1.1 percent). The PCE […]
Minority Bank Assets, by Group, 2001-2021
The chart above shows minority bank assets by ethnic group, by year from 2001 to 2021. It details Hispanic bank assets falling relative to Asian bank assets starting in 2005. The chart above shows minority bank assets as a percentage of 100% by year from 2001 to 2021. It shows a decline in Hispanic bank […]
Mid-Year 2022 Minority Bank and Thrift Review
The number of minority banks in the US held steady at between 168 and 174 in the second quarter of 2022. Asian owned banks, concentrated in California, hold 51% of assets, with 77 institutions., Hispanic banks, concentrated in Florida and Texas, number 33 institutions and hold 42% of assets, followed by Women-owned banks (17 institutions […]
Fixing Abortion And Black Maternal Mortality Is NOT Up To the Supreme Court. It’s Up to the Fed…
Black women die in childbirth at disproportionate rates compared to their white counterparts. Research conducted by the Centers for Disease Control and Prevention (CDC) clearly shows that social determinants – access to nutrition, transportation, and healthcare——are crucial factors. See: https://www.impactinvesting.online/2022/06/fixing-abortion-and-black-maternal.html
Repeal the Community Reinvestment Act
BankThink. American Banker Newspaper, June 22, 2022 Repeal CRA The Community Reinvestment Act was enacted in 1977 “to address inequities in access to credit for low- and moderate-income individuals and communities.” The law should be repealed and replaced. Like hanging a crystal chandelier in a lean-to shack, any efforts to revise the law are a […]
NEW REPORT SHOWS RACISM DISCOURAGES BLACK BUSINESSES FROM FUNDING
As reported in Black Enterprise Magazine, “While multiple reports have shown rising interest in financing Black-owned small businesses, a new study shows an underlying problem still remains. According to the “State of Minority Business, March 2022” report by Creative Investment Research, there has been less understanding of the core issues small Black-owned firms face in […]