Live from the Wells Fargo 2023 Black Business Leaders Summit
Bloomberg Businessweek
The Role of Minority Depository Institutions in Serving Underserved Communities
This chapter of the podcast explores the importance of Minority Depository Institutions (MDIs) in providing banking services to historically underserved minority communities. The speakers discuss the perception of black and brown customers as risky by traditional banks and highlight the success of MDIs in relationship banking and mortgage lending. They also discuss the challenges faced by regional banks and the need for partnerships to help minority banks compete in the changing technological landscape.
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