From 2021 to 2023, ACRE secured some great personnel and policy gains that helped advance our agenda of economic freedom for communities of color, while pushing back on the monied interests and revolving door that oppose us.
We helped lead a national coalition of advocates who fought to get Dr. Lisa Cook confirmed to the Federal Reserve board—the first Black woman to ever hold that position. Along with other national and local partners, we had been advocating for a new slate of progressive women’s leadership at the Federal Reserve that would center the needs of Black and Brown communities at the highest levels of economic policy.
We also pressured the Federal Trade Commission to regulate corporate surveillance technologies that perpetuate discrimination and criminalization of Black and Brown people, and we pushed the White House to nominate a Comptroller of the Currency, a powerful federal banking regulator, who understood the link between predatory financing and communities of color. While our preferred nominee was not selected, neither was anyone with deep ties to crypto and fintech industries.