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The American banking system is broken, and the evidence is unmistakable. From the recent failure of one of the largest banks in the U.S. to ongoing predatory products blanketing lower-income communities, it is clear that we are at an inflection point. Bank regulators currently fall into the familiar trap of trying to fix the symptoms such as banning certain products, minor regulatory modifications without fixing the root causes of structural inequities. This results in repeated crises usually requiring taxpayer-funded bailouts but no meaningful change of the system. We must find better opportunities to address staggering losses of wealth through failures in the banking system while also building new structures that support economic equity and help build and preserve more local community wealth.
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Latest News at NCG
NCG recently expanded membership eligibility and restructured membership dues. Here are the answers to some of your frequently asked questions.
Events From The Field
Alice shared that in their NCG tenure, they are most proud of developing and implementing Racial Equity Action Institute (REAI), a multi-sector cohort program for leaders interested in operationalizing racial equity in business, government, nonprofit and philanthropic sectors. Because of their visionary leadership, we created a network of 100+ leaders who are working to move racial equity from theory to practice in their specific sectors.
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