A group of Democratic lawmakers in the House and Senate are calling on heads of the Treasury Department, Federal Reserve Board and other financial regulators to ensure equitable banking access for Muslim Americans and immigrants Sen. Elizabeth Warren (D-Mass.) and Rep. Ilhan Omar (D-Minn.) — in a letter sent Wednesday to Treasury Secretary Janet Yellen, Federal Reserve Board Chair Jerome Powell and other regulatory leaders — argued the anti-money laundering and financial crime prevention policies practiced at the agencies could be disproportionately impacting Muslim Americans. These anti-money laundering practices are often known as "de-risking," and refer to when financial instit
Hence then, the article about lawmakers urge financial regulators to take action on banking discrimination was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Lawmakers urge financial regulators to take action on banking discrimination )