Minority-Owned Financial Institutions Still Key For Underserved Communities

Federal banking regulators this week released a new research study that shows mixed results for so-called Minority Depository Institution, or MDIs, in terms of financial stability, revenue generation and loan performance.

The new study was released on Wednesday (June 26) at the end of the two-day 2019 Interagency Minority Depository Institution and CDFI Bank Conference in partnership with the Federal Deposit Insurance Corporation (FDIC) , the Federal Reserve Board and the U.S. Treasury’s Office of the Comptroller of the Currency (OCC). The two-day conference in Washington, D.C., included discussions on a wide range of topics related to MDIs, such as innovation, supervision, cybersecurity, and federal programs.       MORE

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