Maxine Waters actually said...

Minority Depository Institutions play a vital role in serving low- to moderate-income and underbanked communities.

Waters highlights the importance of MDIs in supporting underserved communities amid a crisis of bank closures.

11/19/2019

More Maxine Waters Quotes

I cannot tell you how pleased I am about their advocacy because oftentimes, we accuse tenants of not being involved.

Since 2008, the number of Black-owned banks has decreased by more than 50 percent.

This is a crisis, and regulators have failed to live up to their statutory obligations to preserve and promote MDIs.

You need to get to work on capital. You need to get to work on encouraging big banks to invest in small banks.