We know this. It happens in banking, real estate/housing, the automotive industry… in every financial system/institution. If we are not denied, we’re have our choices restricted and subjected to higher interest rates and predatory loans. Yet we keep going with hat in hand, begging to be taken advantage of. Black banks \ financial institutions were supposed to be the solution, but they are just as predatory. Memba Russell Simmons’ Rush Card? BLM’s debit card? The failure of black financial institutions to serve the needs of the black community has spawned whole new industries like payday and title loans.
Given our experiences, you would think black millionaires and billionaires would be breaking down the door to create an alternative, not necessarily to service or treat poor black people fairly, but to protect their own business & financial interests. The fact that they don’t and continue to subject themselves to this type of discrimination is mind boggling.
Retired NFL Player Secretly Records JPMorgan Chase Banker Admitting Racial Bias Led To Denied Service
A former NFL Super Bowl champion alleges bankers at a JPMorgan Chase branch discriminated against him and admitted to bank executives’ racial bias when he