Trump Opens Minority Bank Status To White Owners In War On Black Banks

Trump’s new minority-bank rule opens the door for white owners to qualify, threatening Black banks, Black capital, and Black wealth-building. For free and unbiased Medicare help, dial (724) 264-8281 to speak with my trusted partner, Chapter, or go to https://askchapter.org/roland Paid Partnership Roland Martin breaks down a major policy change in the banking world: the Trump administration has changed the requirements for which institutions can qualify as minority depository institutions. Instead of the old clear standard tied to racial minority ownership, the new framework allows a bank to qualify if 51% or more of ownership is held by someone considered socially or economically disadvantaged. Roland and National Bankers Association president and CEO Nicole Elam warn that this opens the door for white owners to claim minority-bank status, creating a chilling effect on Black banks’ ability to grow, raise capital, lend in Black communities, and build Black wealth. With only 24 Black banks left, they argue this is not technical reform. It is part of a larger war on Black banks and Black economic power. #RolandMartinUnfiltered #BlackStarNetwork #BlackBanks #BlackWealth #MinorityBanks #Trump #Banking Black Star Network Partner: Chapter Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options We’ve launched our official Telegram channel. Follow for the latest videos from #RolandMartinUnfiltered & Black Star Network. No algorithms. Just updates. 👉🏾 t.me/blackstarnetwork Join this channel to get access to perks: https://www.youtube.com/channel/UCjXB7nX8bL2U2sje8d212Yw/join Support #RolandMartinUnfiltered and #BlackStarNetwork 👉🏾 Use Cash App by visiting Stripe https://buy.stripe.com/7sI3ccgYyfSQ8y45kl 👉🏾 PayPal ☛ https://www.paypal.me/rmartinunfiltered Venmo ☛https://venmo.com/rmunfiltered Zelle ☛ [email protected] Annual or monthly recurring #BringTheFunk Fan Club membership via paypal ☛ https://rolandsmartin.com/rmu-paypal/ Download the #BlackStarNetwork app on iOS, AppleTV, Android, Android TV, Roku, FireTV, SamsungTV and XBox 👉🏾 http://www.blackstarnetwork.com #RolandMartinUnfiltered and the #BlackStarNetwork are news reporting platforms covered under Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research.