The US banks trying to close the racial wealth gap
Few people have heard of CDFIs. For many, they’re a money lifeline.
Feb 08, 2021
| Making change
To honor Black History Month, The Post is highlighting the most relevant financial issues for Black communities in America today. Join us every Monday in February for more.
The little-known banks earning big investments from Big Tech
In June 2020, Netflix announced it would move 2% of its cash pile to US financial institutions that serve Black communities. That same month, PayPal announced a $500 million economic opportunity fund, with the lion's share invested into banks and credit unions that serve communities of color. Square...
Get this story and much more
Download the app and join Genius for unlimited access to The Post.
Enjoy this article plus all the features Genius offers.