Films as well as games are guilty of this.
Mass effect, Earth is suddenly only Americans.
British characters always bad guys (uncharted, numerous films, killzone)
90% of protagonists are white, straight, good looking, American, middleclass men.
Stereotypes which are not only racist, but sexist, discriminate against appearance, weight, accent, country, personality.
We come to expect a white male protagonist for the same reason we come to expect a blond haired blue eyed hero.
It is not secret that Capcom as a company are trying to appeal to western gamers. They look at western entertainment and see that COD sells well, so they change the mechanics of the game to be more action orientated. They look at the heroes of western media and copy them.
So perhaps it is racist, but not in a whites are superior to other races way. Just conforming to expectations to be safe maybe?
Tbh, idk.