Issue Position: Increasing Opportunities for Minorities and Women

Issue Position

I wrote legislation to create the Offices of Minority and Women Inclusion at each of the federal regulatory agencies such as the Treasury Department, the Federal Reserve, the Federal Deposit Insurance Corporation, and others. Women and minorities have been historically looked over and underrepresented in the financial services industry, so these Offices would work to ensure the gender, racial and ethnic diversity of the workforce and senior management, as well as increase contracting opportunities for minority- and women-owned businesses.

In winding down struggling financial institutions, I wanted to ensure that regulators consider the impact on low-income, minority, and underserved communities. These neighborhoods are not served by many banks, so it is incumbent upon regulators to understand the implications of their closing.

Predatory lenders targeted minority communities with exotic financial products
that helped lead to this economic crisis, so I wrote legislation to make sure that minorities have access to affordable insurance products.

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