There will also be programs to place 1 million customers in low-cost checking and savings accounts, partly by opening new branches in minority-majority neighborhoods.
Black households are several times more likely to be what is known as unbanked, meaning they do not have a primary checking account with a traditional bank, or underbanked, where households still rely on high-cost financial services like check cashing, pawn shops and payday loans.
Covering up predatory tactics to ensure growth with virtue signaling is pretty clever.
Black households are several times more likely to be what is known as unbanked, meaning they do not have a primary checking account with a traditional bank, or underbanked
Imagine trying to pretend that the physical distance to the bank has anything to do with this.
where households still rely on high-cost financial services like check cashing, pawn shops and payday loans.
Ah, so JPMorgan have realized this is a market of uneducated suckers who are bad with money that they might be able to take from the pawn shops.
Covering up predatory tactics to ensure growth with virtue signaling is pretty clever.
Imagine trying to pretend that the physical distance to the bank has anything to do with this.
Ah, so JPMorgan have realized this is a market of uneducated suckers who are bad with money that they might be able to take from the pawn shops.
Straight up lying here.
That's literally the whole point of all of this.
Financial Inclusion, by Mastercard. Please, help us push all of Africa into Europe so we can credit trap them.
Correct. That's basically the scam.
The socialists are fighting for corporate wage-slavery.