Treasury Secretary Janet Yellen

Waters Joins Vice President Kamala Harris on the Initial Release of Funds for Minority Banks and Community Based Lenders

This week, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at the White House, where she was joined by Vice President Kamala Harris, Treasury Secretary Janet Yellen, Senator Mark Warner (D-VA), and Opportunity Finance Network President and CEO Lisa Mensah, on the initial release of funds secured by Congresswoman Waters as part of the December stimulus package.

Black America Needs a ‘New Normal’: Equitable Credit Access to Build Wealth

Although many officials have called for a ‘return to normal’, millions of small businesses and communities need something new instead. In Black America especially, the ‘old normal’ never delivered equitable access to wealth-building opportunities as those that well-served served much of White America. Instead, a lengthy history of public policies designed to create and sustain a burgeoning middle class systemically excluded Blacks and other people of color.