NCUA lowering barriers for startup credit unions
With new guidance and a simplified chartering process, the National Credit Union Administration seeks to counter the trend of closures and consolidations.
Source: americanbanker.com
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Despite big influx of capital, Black banks say more is needed
Billions of government and corporate dollars are pouring into minority banks and community development lenders, complicating the efforts of some investment funds that had similar goals. Still, banks owned and run by African Americans say the equity infusions are small in the context of the nation’s wide racial wealth gap.
Source: americanbanker.com