VivirLatino

Bank of America Pitching to Only One Part of America

10:13 H | Topics: Controversia - Money - Race

Bank of America may have been reaching out at one time to undocumented immigrants, but now a new report says that Bank of America is worst at representing in all parts of America, especially in Latino and African American neighborhoods. The report also states that BOA likes to help in creating only some American dreams, by lending mortgages to more whites than Latinos or African Americans.

The report, issued by the Service Employees International Union (SEIU), examined Bank of America's pattern of bank branches against its top two competitors in Buffalo, Chicago, Detroit, New York, Philadelphia, and St. Louis -- cities ranked by the U.S. Census Bureau among the top-ten most-racially segregated in the country. Despite having more than double the number of bank branches of its nearest competitor nationally -- with more than 5,700 bank branches, Bank of America has five times as many branches as Citibank and two times as many branches as JPMorgan Chase -- Bank of America performed worst overall in locating branches in majority minority communities in the cities analyzed in the report.

I live in a largely Latino neighborhood and can tell you there isn't a Bank of America to be seen. I can however walk to a Chase, Washington Mutual and of course, Banco Popular.

Via / Earthtimes

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