Wednesday, November 14th, 2018
Engaging with History: Highlighting the Financial Implications of Redlining and Subprime Lending to Engage Financial Professionals into Action
This session will engage and educate financial professionals about redlining, subprime lending, and its effects on the African American community, including lack of access to property ownership. Attendees will receive a brief overview of redlining and how it gave birth to subprime lending, the financial instability this created within the African American Community, and how financial professionals can play a direct role in reversing and/or lessening the continuing effects of redlining and subprime lending.
Questions or Implications for Researchers: -Using history as a teaching tool in order to learn from mistakes of the past and prevent them from reoccurring in the future -Provide Financial Professionals with practical steps and ideas to engage with the African American Community -Understanding the valuable role Financial Professionals play in educating and empowering African Americans within Financial Literacy and Education -Reaching out to and engaging marginalized communities in order to strengthen their Economic voice through Financial Literacy -Continuing open and honest conversation about what we can do as Financial Professionals to lessen or reverse the historical effects Economic Disenfranchisement within marginalized communities