By Linda Lutton
By Linda Lutton
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Chase Bank Vows To Do Better On Lending In Black Neighborhoods

Chase Bank Vows To Do Better On Lending In Black Neighborhoods

“We can and will do better.”That was the message JPMorgan Chase Bank delivered Friday to Chicago elected officials and activists demanding and change from the bank on the heels of WBEZ reporting that showed in its lending between Chicago’s white and Black neighborhoods.In a letter to Chicago’s City Treasurer Melissa Conyears-Ervin dated Friday, Chase’s CEO of Home Lending Mark O’Donovan acknowledged, “There is more to be done to further address racial and economic inequality, especially for Black Chicagoans.”“We know that the financial services industry, including JPMorgan Chase, play a...

June 20, 2020
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wbez.org

wbez.org

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