JP Morgan Pledge 30 Billion to Racial Inequity

[Serious]

JPMorgan Chase commits $30 billion to advance racial equity - CNN

 

[Starman]

Pay off our debt. Mortgage, loans, credit cards... All of it.

 

[OfTheCross]

Pay off our debt. Mortgage, loans, credit cards... All of it.

This is the most effective help.

 

[OfTheCross]

The bank says it plans to invest a mix of loans, equity and direct funding to support its new commitments, which include promoting and expanding affordable housing, homeownership and access to banking, helping grow Black and Latinx-owned businesses, and building a more diverse workforce.


I wonder how trackable these programs will be...

 

[OfTheCross]

They should also give use free accounts without the Direct Deposit or Minimum Balance requirements.

 

[eXodus]

The bank says it plans to invest a mix of loans, equity and direct funding to support its new commitments, which include promoting and expanding affordable housing, homeownership and access to banking, helping grow Black and Latinx-owned businesses, and building a more diverse workforce.

ok that sounds fly but what does that actually consist of ???

I need a .5% mortgage rate and $30,000 towards down payment and closing costs muthafukkas! Then we’ll have some “equity”

 

[FAH1223]

Jamie Dimon is worried about pitchforks

 

[88m3]

Pay off our debt. Mortgage, loans, credit cards... All of it.

 

[88m3]

They should also give use free accounts without the Direct Deposit or Minimum Balance requirements.

they already have that

 

[eXodus]

JPMorgan Chase Commits $30 Billion to Advance Racial Equity

I. Promote and Expand Affordable Housing and Homeownership for Underserved Communities

A. Originate an additional 40,000 home purchase loans for Black and Latinx households. To do this, the firm is committing $8 billion in mortgages. Efforts include:

• Improving key home lending products and offerings, including substantially increasing the Chase Homebuyer Grant in underserved communities.

the homebuyer grant is currently as follows:

Earn $2,500 toward your purchase with the exclusive Chase Homebuyer Grant

Lol yea they gonna need to multiply that grant amount by about 10

BOA already has 7,500 America’s Home Grant® program which can be combined with a Down Payment Grant program of 10,000, let alone there’s programs like NACA (current interest rate on 30 year mortgages 2.75% with the option to buy down the interest to below 1%) ..so if it’s not upwards of those combined amounts (17,500), they not really moving the needle any



But we’ll see...

 

[OfTheCross]

they already have that

Not on their website...you sure about that?

 

[88m3]

Not on their website...you sure about that?

have accounts with them

 

[DEAD7]

 

[1thouwow]

What happen to their boat of coke?

 

[Miles Davis]

Billion ain’t shyt, if they really wanna help lobby for our interests.