Agency Quietly Erased 'Minority' From the Rule That Protects Minority-Owned Banks

To comply with Trump's anti-DEI crusade, the Office of the Comptroller of the Currency strips out the word “minority” from federal banking rules, worrying institutions that serve Black communities.

(Photo by Envato)

While most of the country was thawing out their Juneteenth meat or trying to see if they could buy an African soccer outfit off Temu, the Office of the Comptroller of the Currency—the federal agency that regulates national banks— issued a five-page bulletin that quietly rewrote three decades of policy on what counts as a “minority depos…