Credit Deserts
Bank Closures and the Relocation of Branches to the Suburbs Have Caused a Lack of Mainstream, Beneficial Financial Services in Poor and Minority Communities
- The 1977 Community Reinvestment Act Does NOT Require that Banks Operate in Poor and Minority Communities As It Was Regulatorily Mandated to Do
- Poor and Minority Communities Primarily Rely on Non-Bank Financial Services to Help Meet Their Financial Needs
- Even Before the Conoravirus Pandemic, Poor and Minority Communities Did NOT Have Enough Saving to Address a Short-Term Emergency
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It is Critical to Mainsteam, Beneficial Financial Services Available to These Communities in Times of Need
Rep. Maxine Waters, California, Chairwoman
Rep. Patrick McHenry, North Carolina
Rep. Carolyn B. Maloney, New York
Rep. Al Green, Texas
Rep. Al Lawson, Florida
Rep. Alexander X. Mooney, West Virginia
Rep. Alexandria Ocasio-Cortez, New York
Rep. Alma Adams, North Carolina
Rep. Andy Barr, Kentucky
Rep. Ann Wagner, Missouri
Rep. Anthony Gonzalez, Ohio
Rep. Ayanna Pressley, Massachusetts
Rep. Barry Loudermilk, Georgia
Rep. Ben McAdams, Utah
Rep. Bill Foster, Illinois
Rep. Bill Huizenga, Michigan
Rep. Bill Posey, Florida
Rep. Blaine Luetkemeyer, Missouri
Rep. Brad Sherman, California
Rep. Bryan Steil, Wisconsin
Rep. Cindy Axne, Iowa
Rep. David Kustoff, Tennessee
Rep. David Scott, Georgia
Rep. Dean Phillips, Minnesota
Rep. Denny Heck, Washington
Rep. Denver Riggleman, Virginia
Rep. Ed Perlmutter, Colorado
Rep. Emanuel Cleaver, Missouri
Rep. Frank D. Lucas, Oklahoma
Rep. French Hill, Arkansas
Rep. Gregory W. Meeks, New York
Rep. Jennifer Wexton, Virginia
Rep. Jesús “Chuy” García, Illinois
Rep. Jim A. Himes, Connecticut
Rep. John Rose, Tennessee
Rep. Josh Gottheimer, New Jersey
Rep. Joyce Beatty, Ohio
Rep. Juan Vargas, California
Rep. Katie Porter, California
Rep. Lance Gooden, Texas
Rep. Lee M. Zeldin, New York
Rep. Madeleine Dean, Pennsylvania
Del. Michael San Nicolas, Guam, Vice Chairman
Rep. Nydia M. Velázquez, New York
Rep. Rashida Tlaib, Michigan
Rep. Roger Williams, Texas
Rep. Scott Tipton, Colorado
Rep. Stephen F. Lynch, Massachusetts
Rep. Steve Stivers, Ohio
Rep. Sylvia Garcia, Texas
Rep. Ted Budd, North Carolina
Rep. Tom Emmer, Minnesota
Rep. Trey Hollingsworth, Indiana
Rep. Tulsi Gabbard, Hawaii
Rep. Van Taylor, Texas
Rep. Vicente Gonzalez, Texas
Rep. Warren Davidson, Ohio
Rep. William Timmons, South Carolina
Rep. Wm. Lacy Clay, Missouri
