In addition to being more likely to live in bank deserts — areas without a bank — cultural norms are also at play for underserved people. explains: "In the African American community, they don't see the big banks as being for them because, you know, you go back over the years, grandparents didn't have banking relationships. Parents, in many instances, didn't have banking relationships," he said.
Black and Latinx businesses have been hardest hit by the economic fallout of the coronavirus pandemic,"The COVID-19 crisis has exacerbated long-standing inequities for Black and Latinx people around the world. We are using this catalytic moment to create change and economic opportunities that enhance racial equity for Black and Latinx communities," Brian Lamb, JPMorgan's head of diversity and inclusion said in a press release.
Lawmaker Challenges Big Bank CEO by Showing Him Math | NowThis via YouTube
He’s not promoting racial equity .. he’s promoting home ownership via loans
thats huge invest
Good.
ducavendish hmmmmmm
Woke loans
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