Banks

The U.S. has only about 40 Black-owned financial institutions. The St. Louis Community Credit Union is the only one in STL.

Dybvig, along with co-author Douglas Diamond and former Federal Reserve Chairman Ben Bernanke, are sharing the award for their work on the role banks play in stabilizing the economy and how a financial crisis can undermine them.

St. Louis-area advocates for housing equality demand that private banks and other lenders put a temporary stop to foreclosures during the COVID-19…