Can financial reform close racial wealth gap?

Posted on July 16, 2010

By Monique Morris, NAACP Vice President for Economic Opportunity

Originally Posted at TheGrio.Com

Today, the Senate is expected to vote on the financial reform bill. If it passes, it will introduce the nation to a package of sweeping regulations that will offer more consumer protection and industry supervision than has been provided in decades. However, for many people in crisis, the question is whether these reforms will be enough to address the deeply entrenched racial wealth gap that influences almost every aspect of development in communities of color.