Deep neural networks often degrade significantly when training data suffer from class imbalance problems. Existing approaches, e.g., re-sampling and re-weighting, commonly address this issue by rearranging the label distribution of training data to train the networks fitting well to the implicit balanced label distribution. However, most of them hinder the representative ability of learned features due to insufficient use of intra/inter-sample information of training data. To address this issue, we propose meta feature modulator (MFM), a meta-learning framework to model the difference between the long-tailed training data and the balanced meta data from the perspective of representation learning. Concretely, we employ learnable hyper-parameters (dubbed modulation parameters) to adaptively scale and shift the intermediate features of classification networks, and the modulation parameters are optimized together with the classification network parameters guided by a small amount of balanced meta data. We further design a modulator network to guide the generation of the modulation parameters, and such a meta-learner can be readily adapted to train the classification network on other long-tailed datasets. Extensive experiments on benchmark vision datasets substantiate the superiority of our approach on long-tailed recognition tasks beyond other state-of-the-art methods.