Warren, Omar Lead Colleagues in Urging Regulatory Agencies to Combat Discrimination in Financial System by Curbing 'De-Risking' Practices
May 16, 2024
May 16, 2024
WASHINGTON, May 16 -- Sen. Elizabeth Warren, D-Massachusetts, issued the following news release:
Today, U.S. Senator Elizabeth Warren (D-Mass.) and Representative Ilhan Omar (D-Minn.) led a letter to the heads of the financial regulatory agencies, urging them to clamp down on discrimination in banking by combating "de-risking," -- a practice that may disproportionately affect Muslim Americans and immigrant communities.
"De-risking" is when financial . . .
Today, U.S. Senator Elizabeth Warren (D-Mass.) and Representative Ilhan Omar (D-Minn.) led a letter to the heads of the financial regulatory agencies, urging them to clamp down on discrimination in banking by combating "de-risking," -- a practice that may disproportionately affect Muslim Americans and immigrant communities.
"De-risking" is when financial . . .