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JPMorgan’s $30 Billion Racial Equity Pledge, One Year Later

JPMorgan’s  Billion Racial Equity Pledge, One Year Later

JPMorgan Chase & Co. said it has already committed $13 billion of the $30 billion in lending and spending it pledged last year for improving racial equity.

In a progress report Tuesday, the nation’s biggest bank said it had issued $6 billion in loans that kept open affordable housing and rental units across the country, and issued $1 billion in loans to build more. It said another $4 billion went into refinancing 16,000 mortgages for Black and Latino borrowers.

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