And that's where discussions break down so quickly into "That's racist!" "I am not!". The word is used mean anything from "white supremacist" to "has an account at a bank that has racist lending policies" to unconscious biases.
It doesn't necessarily mean that there is bad intent. It's often used to mean something like "disproportionally affects people of color."
If you're going to have a productive discussion about race, both parties have to define what they mean when they use the word.