New York (AP) — The Treasury has hired a former JP Morgan Chase executive to lead a new government program aimed at combating racial inequality issues in the banking and other financial services industries.
Treasury Secretary Janet Yellen said Monday that Janet Yellen would be the first counselor in the division of racial equality. This is part of the Biden administration’s multifaceted strategy to address systematic racism found in many parts of the economy.
Banking and finance are issues of racial inequity, from the lack of representatives of blacks and other minorities in top-level businesses to the ongoing problem of gaining equal access to services for non-white borrowers. I have been holding for a long time.
In a statement, Yellen said, “In ensuring that as the economy recovers from the pandemic, it will recover in a way that addresses the inequality that existed long before everyone was infected with COVID-19. It must play a central role. “
Last week, the Justice Department worked with the Consumer Financial Protection Bureau and the Office of the Comptroller to investigate and prosecute redlining, a historic practice in which blacks and other minorities were denied access to financing. Announcing a new adjustment plan.
Prior to being appointed by the Treasury, Browdler was JPMorgan Chase & Co. I was the president of the Foundation. JPMorganChase seeks to target investments in poorly serviced areas and communities. She also worked for the National Council of Lalaza, an advocate for Latin issues.
Treasury Appoints First Racial Equality Counselor | WGN Radio 720
Source link Treasury Appoints First Racial Equality Counselor | WGN Radio 720
The post Treasury Appoints First Racial Equality Counselor | WGN Radio 720 appeared first on Illinois News Today.
No comments:
Post a Comment