What Does the Future of Banking Hold for Communities of Color?

Organizer: Prosperity Now (on behalf of the Asset Building Policy Network)

Lessons from the Great Recession and digital innovations have changed the financial services landscape dramatically over the past decade, leading to an experience that is safer and more seamless for consumers. Unfortunately, accessing the right financial tools is still not easy or affordable for low- and moderate-income (LMI) communities, especially those of color.

As we face an uncertain economic future, greater integration of technology into our finances and a shift towards a majority-minority nation, what does the future of banking hold for LMI communities? How can we boost their economic potential? And what strategies can we employ today to address their financial challenges and opportunities?

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