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Illustration: Aïda Amer/Axios

The financial services industry ranks dead last in terms of Americans' perception of how well it's doing in addressing racism, according to a new Edelman study shared exclusively with Axios.

By the numbers: Just 33% of Americans think the sector is doing well in addressing racism. No industry does particularly well, but sports does best, with 44% thinking it's doing well.

Between the lines: 71% of Black Americans think that mortgage lenders demonstrate systemic bias and discrimination. 62% of them think the same thing of banks.

  • 73% of Black Americans say that the credit criteria used by mortgage lenders are biased or discriminatory.
  • 54% of Hispanic Americans think the same thing of auto lenders.

The bottom line ... 57% of Black Americans agree with the statement: "My personal finances would be better off if financial services companies treated people in my racial/ethnic community fairly."

Methodology: The Edelman survey was of 1,500 general population respondents, surveyed from June 11 – June 28, 2021. 941 of them were white, 505 were Black, 502 were Latinx, and 515 were Asian. The U.S. total margin of error is +/- 2.5%, while the margin of error for Black and Latinx respondents is +/- 4.4%.

Go deeper

Bryan Walsh, author of Future
Oct 23, 2021 - Politics & Policy

Axios-Ipsos poll: Dueling crime narratives

Expand chart
Data: Axios/Ipsos poll; Chart: Will Chase/Axios

A majority of Americans mistakenly believes that violent crime is worse now than it was 30 years ago, according to an Axios/Ipsos poll.

Why it matters: Polarization and misinformation are driving competing narratives about how much to fear rising crime, what's causing it, what to do about it and how much to prioritize it as an issue in the 2022 midterms.

Updated 55 mins ago - World

Brazil senators vote to recommend criminal charges for Bolsonaro

Brazilian senators vote on probe into President Bolsonaro's handling of pandemic. Photo: Gustavo Minas/Bloomberg via Getty Images

A Brazilian Senate committee Tuesday voted to approve a report recommending President Jair Bolsonaro be charged with a raft of criminal indictments, including crimes against humanity over his response to the COVID-19 pandemic, per AP.

Why it matters: Bolsonaro has become the face of a right-wing approach to the pandemic that includes repudiating vaccines and masks and resisting lockdowns and other mitigation measures. The Senate report holds him personally responsible for half of the country's 600,000 deaths.

Former Georgetown tennis coach pleads guilty to accepting admissions bribes

Gordon Ernst (left) former head tennis coach at Georgetown, outside a courthouse in Boston in 2019. Photo: Jessica Rinaldi/The Boston Globe via Getty Images

A former Georgetown University head tennis coach has pleaded guilty Tuesday to bribery charges related to facilitating the admission of prospective applicants.

Why it matters: Gordon Ernst solicited and accepted bribes from William Singer, ringleader of the cheating scheme uncovered by Operation Varsity Blues, and families in exchange for helping prospective applicants get into Georgetown as student athletes, according to the Justice Department.