ACRE is committed to winning transformative policies and political leadership that challenge the foundations of racial capitalism.
We are fighting for a world where Black, Brown, and Indigenous communities are invested in and cared for, instead of being commodified for labor, corporate profits, and political gains.
We win by taking on financial institutions and political actors who seek to profiteer off of our communities while eroding the foundations of multiracial democracy.
From 2021 to today, we have secured some great personnel and policy gains that help 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 delivered Congressional testimony about the need to regulate corporate landlords who are preying on vulnerable tenants in communities of color.
- We continue to push federal agencies like the Federal Trade Commission to regulate corporate surveillance technologies that perpetuate discrimination and criminalization of Black and Brown people.
- 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.
- In New York State, we led the fight to keep another crypto and fintech insider out of a position as the Superintendent for the New York Department of Financial Services. While we didn’t win, this was the first time a coalition like this was mobilized around fintech and banking issues and led by people of color.