JPMorgan Chase to spend $35m on promoting financial inclusion

Monday, September 22, 2014

JPMorgan Chase & Co. announced a two-year, $35 million commitment to help individuals and families save money, build credit and improve economic opportunities in communities around the world. The grants will provide best-in-class national and regional nonprofit organizations with the resources to help individuals acquire the knowledge, skills and tools needed to promote financial security while avoiding costly services like payday loans or check cashing outlets for assistance.

“To successfully manage their daily finances and plan for the future, individuals need more than basic financial literacy,” Sally Durdan, Executive Vice President and Head of Strategy, Chase Consumer & Community Banking, will say today during the Corporation for Enterprise Development’s (CFED) Assets Learning Conference in Washington, D.C. “They need actionable, well-timed information and sustainable financial products designed around their needs. With this $35 million commitment, JPMorgan Chase will help individuals around the world increase savings, improve credit and build assets.”

Source: Finextra (link opens in a new window)

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banking, Center for Financial Services Innovation, financial inclusion