Expanding Opportunity and Financial Freedom with MDIs and CDFIs

In recent years there has been more reporting and recognition of the racial wealth gap- the large, and growing, gap in the percentage of family wealth in black households, as compared to white households.Banks like Carver State have been operating within the mission to serve the African American community since 1927 and are now leveraging partners to maximize their reach and accessibility.Our guest today, Robert James, Chief Executive Officer at Carver State Bank, gives our listeners a look at the unique service they provide and how they have been addressing the racial wealth gap in Georgia for several decades.Join us as we discuss:Carver State’s role as both a minority depository institution (MDI) and community development financial institution (CDFI)Unlocking credit access and opportunityLeveraging fintech partnerships to find the balance between high tech and high touchHow the National Bankers Association (NBA) ensures the needs of MDIs across the country are met     Want to learn more about how Upstart partners with banks? Check out this case study mentioned in the episode.