JPMorgan Trying to Expand Minority Small-Business Lending

The bank is tweaking its lending criteria in minority neighborhoods across the country to increase loan approvals

This tote bag is one of the items for sale at Dr. Tennille Johnson’s business, Scrubs to the Rescue, in Houston.Updated Nov. 18, 2022 7:14 am ET HOUSTON— JPMorgan Chase & Co. is launching a national program to try to get more loans into the hands of minority small-businesses owners and close a persistent racial gap in financing.

The country’s biggest bank has been quietly piloting a special-purpose credit program this year here and in Dallas, Detroit and Miami that allows it to offer more loans to business owners who might have otherwise been rejected.

thats a terrible idea. I expect alot of default on business loans and I am minority myself.

Alternate headline translation: Now that homes are too expensive to push over priced mortgages, we will fleece minorities by pushing excessively priced business loans right as we head into a massive recession. It's for their own good. Really, JPM swears. A bank would never lie.

Does Barney Frank work at JPMorgan?

Is Chase going to follow up and let us know how all the loans worked out? 🤔

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And the debt will be sold off to some chump investors and will be a meltdown in 3 2 1. The game is called hot potato! Someone will be left holding the bag.

Taxpayer bail out in 3.2.1...- NINJA loans ....

What happened before the dead female journalist fell? Why was the zipper of the woman's pants open in the video that was shared? Isn't this a case of harassment? Why is adultery common in this time world? Because adultery only needs space And for marriage, you need a house, car,

how about JP Morgan pay out some reparations for taking part in the enslavement of Africans in America for profit.

AKA NINJA loans for the most desperate with no hopes of repayment…

It’s about class not color…

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