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Encore: How you can shrink the wealth gap. Now. | Kedra Newsom Reeves
TED Business
The Challenge of Using Alternative Data to Lending Credit to Minority Groups
About 28 % of black and latin ex families or credit invisible, which means that you have a thin credit file or no credit file. Financial institutions play a really critical role on the individual level, at the community level and at the business level. We must not only be talking about thriving businesses in black communities, we must also be talking about seeing more black owned and founded businesses going public. If those are jus forc solutions, there's many other things that can and should be done to close the walth gap. This gap as not new. It was borne and perpetuated by federal policy, social constructs and business practice overtime. And all those things need to change to start to close
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