Political Quotes

Nydia Velázquez: We are seeing that mergers and acquisitions are leading to not only a closure of bank branches, but they are also…

On the recordSeptember 28, 2021
We are seeing that mergers and acquisitions are leading to not only a closure of bank branches, but they are also leading to less reinvestment, because where you had two banks prior to the merger reinvesting back into communities, you now have only one.
Said by
Nydia Velázquez
Democratic · New York

Editor's note · Context

Discussed negative impacts of bank mergers on community reinvestment.

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