National Bankers Association Responds to the Formation of the Economic Opportunity Coalition

PR

WASHINGTON, DC – Today, Vice President Kamala Harris announced the launch of a coalition of corporations and foundations committed to aligning significant investments in underserved communities, which have experienced decades of practices and policies that have prevented economic growth. In response, the National Bankers Association issued the following statement.


“The National Bankers Association (NBA) commends the Biden-Harris Administration's commitment to addressing systemic inequities faced by communities of color that have sustained enormous disparities in wealth creation. For nearly a century, the NBA has advocated for legislation and regulatory action to support the nation's Minority Depository Institutions. Now is the time for increased focus on public-private collaboration and investments to ensure their survival. We are proud to serve as one of 17 social sector advisors to the Economic Opportunity Coalition. We look forward to continuing to inform the development and implementation of its commitments to deploy more capital and opportunities for financial wellness into underserved communities.”