Why LGBTQ Banks and Investments Keep Failing | Queer Money Ep. 462

Queer Money®: How Gay People Do Money

Ever hear of the PRID ETF, LGBT ETF or EQLT ETF?

Ever bank with or used Equality Credit Union, Daylight Bank or Superbia Credit Union?

There’s a good chance you haven’t heard of these LGBTQ banks, credit unions or investments and, if you did, you’re not using them now because they’ve all gone away.

Why, with $1.4 trillion in purchasing power in our community, have all these LGBTQ banks, credit unions and investments gone out of business?

This is Queer Money episode #462. Today, we’re joined by Spencer Watson the founder and executive director of the Center for LGBTQ Economic Advancement & Research, aka CLEAR. Spencer’s a graduate of Berkeley Law, where they studied consumer financial protection, prudential regulation, lending discrimination and civil rights and then interned at the Consumer Financial Protection Bureau’s Office of Fair Lending.

We’re tackling these questions to help our community start talking more about the opportunities it has with LGBTQ financial institutions and investments. Let’s get on with the show.

For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe

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