Although women have headed the treasurer department since 1949, two of which were Black, Black Americans have been consistently denied fair banking opportunities. Higher interest rates on loans and generally, right to refuse services to anyone they as high risk or not fitting within their established criteria in certain areas of banking.
Imagine that, all women Treasurers of the United States since 1949 while racism and inequality run wild. My first business account too, was with Bank of America; they accepted my EIN, Articles of incorporation and banking resolutions, cash flow estimates, etc. Barclays, on the other hand flat told me that I fail their "SPECIAL SPEC" requirements to do business with them. It would take me 3-years to learn what a 'special spec' was when I applied for a broker's position with Prudential.
Never heard the term since.