(HuffPost) Sen. Elizabeth Warren (D-Mass.) and Rep. Ilhan Omar (D-Minn.) released a letter Thursday demanding answers from the heads of several leading U.S. banks about policies that have disproportionately targeted Muslim Americans and communities of color.
“The lack of information regarding the scope of de-risking practices and the impact on Muslim American consumers and other minority communities hinder policymakers’ ability to protect consumers,” reads the letter, which was exclusively shared with HuffPost before it was sent to executives of Wells Fargo, JPMorgan Chase, Bank of America and Citibank.
A quarter of all Muslim Americans have faced strenuous challenges while banking in the United States, according to a report released last year by the Institute [for] Social Policy and Understanding, a nonprofit that provides research about Muslims in the U.S.
