Treasury Department names first counselor for racial equity

Oct 25, 2021, 1:12 PM | Updated: 6:00 pm

NEW YORK (AP) — The Treasury Department has hired a former JPMorgan Chase executive to head a new government program aimed at combatting racial inequality issues in banking and other financial-services industries.

Treasury Secretary Janet Yellen said Monday that Janis Bowdler will be the department’s first counselor for racial equity, part of a multi-pronged strategy by the Biden administration to deal with systemic racism found in many parts of the economy.

Banking and finance have long had issues with racial inequity, from the lack of representation of Blacks and other minorities at the highest levels of companies to ongoing issues of getting equal access to services for non-white borrowers.

“Treasury must play a central role in ensuring that as our economy recovers from the pandemic, it recovers in a way that addresses the inequalities that existed long before anyone was infected with COVID-19,” Yellen said in a statement.

Last week the Justice Department announced a new coordinated plan with the Consumer Financial Protection Bureau and the Comptroller of the Currency to investigate and prosecute redlining, the historic practice where Blacks and other minorities were denied access to financing.

Before her Treasury Department appointment, Bowdler was president of the JPMorgan Chase & Co. Foundation, the arm of JPMorgan Chase that tries to target investments into underserved neighborhoods and communities. She also worked at the National Council of La Raza, an advocacy organization for Latino issues.

__

This story has been updated to correct the spelling of the appointee’s last name. It’s Bowdler, not Browdler.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Associated Press

Indiana officer critically wounded in traffic stop shooting

RICHMOND, Ind. (AP) — An eastern Indiana police officer was critically wounded and a man was injured in a shootout following a traffic stop and search for possible narcotics, authorities said. Richmond Police Department Officer Seara Burton responded to a call about 6:30 p.m. Wednesday from other officers to assist with the stop involving a […]
4 hours ago
Associated Press

Mask mandates return in New Delhi as COVID-19 cases rise

NEW DELHI (AP) — The Indian capital reintroduced public mask mandates on Thursday as COVID-19 cases continue to rise across the country. The New Delhi government reinstituted a fine of 500 rupees ($6) for anyone caught not wearing a mask or face covering in public. India’s Health Ministry said 16,299 new cases were recorded in […]
4 hours ago
FILE - This 2003 electron microscope image made available by the Centers for Disease Control and Pr...
Associated Press

Africa CDC in ‘advanced’ talks to obtain monkeypox vaccines

NAIROBI, Kenya (AP) — Africa’s public health agency says the continent of 1.3 billion people still does not have a single dose of the monkeypox vaccine, but “very advanced discussions” are underway with at least two partners. The acting director of the Africa Centers for Disease Control and Prevention, Ahmed Ogwell, told journalists on Thursday […]
4 hours ago
Lebanese security forces secure the area outside a bank in Beirut,, Lebanon, Thursday, Aug. 11, 202...
Associated Press

Armed man demanding savings holds Beirut bank staff hostage

BEIRUT (AP) — A Lebanese man armed with a shotgun broke into a Beirut bank on Thursday, holding employees hostage and threatening to set himself ablaze with gasoline unless he receives his trapped savings, a security official said. The man, who entered a branch of the Federal Bank in Beirut’s bustling Hamra district, was carrying […]
4 hours ago
Associated Press

Dutchman convicted of role in farmers’ road block protest

THE HAGUE, Netherlands (AP) — A man was convicted Thursday of dumping straw on a Dutch road last month and sentenced to perform 80 hours of unpaid work, in one of the first cases stemming from widespread protests by farmers against government plans to slash nitrogen emissions. The 42-year-old man, whose identity wasn’t released by […]
4 hours ago
Follow @ktar923...
Sponsored Content by Day & Night Air Conditioning, Heating and Plumbing

Here are 4 signs the HVAC unit needs to be replaced

Pool renovations and kitchen upgrades may seem enticing, but at the forefront of these investments arguably should be what residents use the most. In a state where summertime is sweltering, access to a functioning HVAC unit can be critical.

Sponsored Articles

...
Mayo Clinic Orthopedics and Sports Medicine

Why your student-athlete’s physical should be conducted by a sports medicine specialist

Dr. Anastasi from Mayo Clinic Orthopedics and Sports Medicine in Tempe answers some of the most common questions.
(Courtesy Condor)...
Condor Airlines

Condor Airlines shows passion for destinations from Sky Harbor with new-look aircraft

Condor Airlines brings passion to each flight and connects people to their dream destinations throughout the world.
...
Carla Berg, MHS, Deputy Director, Public Health Services, Arizona Department of Health Services

Update your child’s vaccines before kindergarten

So, your little one starts kindergarten soon. How exciting! You still have a few months before the school year starts, so now’s the time to make sure students-to-be have the vaccines needed to stay safe as they head into a new chapter of life.
Treasury Department names first counselor for racial equity