07/30/2020
https://congress.gov...
"Minority Depository Institutions play a vital role in serving low- to moderate-income and underbanked communities."
"Since 2008, the number of Black-owned banks has decreased by more than 50 percent."
"Let me just say to the panel, if you are wondering about our frustration, it is because this issue has plagued us for so long, and we are watching the Black banks, in particular, that are literally go..."
"This is a crisis, and regulators have failed to live up to their statutory obligations to preserve and promote MDIs."