This session will examine structural racism in our financial services system and its impact on the economy. We will survey the historical and present-day barriers to traditional financial services that exist for people of color, which can drive them into expensive and sometimes exploitative alternatives. This session will envision new products and practices, prioritizing people and places that have experienced chronic disinvestment and exclusion. It will explore ways to address root causes that can result in more equitable access to financial services and help close these gaps. Leaders from financial institutions, consumer protection organizations, research institutions, and others will explore ways we can fully support consumers and financial service providers to ultimately help facilitate an economy that works for all.
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