News

From KPBS:

...Regardless of what might be considered standard industry practice, advocates say accusing a Black customer of stealing without evidence and even pretending to call the police could be racist.

From CBS News:

"As bank workers and Wells Fargo shareholders, we don't want empty promises," Ted Laurel, an account resolution specialist in San Antonio, Texas, who is Mexican-American, said in a news conference last week organized by the Committee for Better Banks (CBB), a coalition of bank workers, consumer and labor groups.

From ABC News:

The racial reckoning in America calling for diversity has touched every industry including banking.

According to a report from the Committee for Better Banks -- a bank workers' advocacy group -- Black and Latino employees have a significantly smaller chance of holding an executive position in corporate banks in comparison to their white counterparts.

CNN:

New York (CNN Business)The banking industry has a race problem, and a new study is putting a spotlight on the inequalities within the nation's largest financial institutions.

From The Real Deal:

Big banks led some consumers into financially risky mortgage agreements instead of offering the full relief program touted by the federal government, according to a report analyzing complaints.

From the American Banker:

Big banks that have been offering mortgage relief to homeowners during the pandemic are facing fresh criticism over the rules they are enforcing when borrowers are supposed to resume making their monthly payments.