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Major League Soccer reaches a deal to support Black banks, aiming to help close the racial wealth gap
['Frank Holland', 'In']
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"Major League Soccer's partnership with the National Black Bank Foundation (NBBF) is a tangible step in the efforts to close the racial economic gap in the United States, and it's the right business decision for us," said MLS Commissioner Don Garber in a release. Other Black banks in the deal, include Alamerica Bank, Carver State Bank, Columbia Savings & Loans, Mechanics & Farmers Bank, and Unity National Bank. "If other leagues and major corporations follow the MLS model, lives of Black families all across this country will change for the better because their local Black bank will have the capital resources to approve historic numbers of home and small business loans."