racism in banking
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JP Morgan Chase Pledges $30 Billion in New Commitment to Reduce Racial Wealth Gap
JPMorgan Chase, the largest bank in the United States, announced Thursday that it is pledging $30 billion over the next five years as part of a commitment to address deeply entrenched racial inequality, particularly in housing and business. The multi-pronged plan, which dedicates billions of dollars in loans specifically for Black and Latinx households and…
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Cash, Cropped: Bank Fees Hit Black and Latinx Customers the Hardest, According to New Poll
Black and Latinx people pay more than white people when it comes to banking fees, according to a new report released Wednesday. The survey results (h/t USA Today) come from financial services website Bankrate.com, which asked 2,634 adults how much they spend per month on routine financial service charges, like ATM fees and overdraft penalties.…