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Banks, whose reputations took tremendous hits in recent years over the treatment of military customers, have unveiled another round of programs to help service members and veterans as the nation celebrates Veterans Day.
November 11 -
Drexel Hamilton, a startup broker-dealer making inroads in capital markets, pairs Wall Street pros with disabled military veterans, training the latter for new careers. It's a nice story, but in the ultra-competitive market of small-bank advising, will it sell?
April 25 -
Cash America will pay up to $19 million to settle allegations that it robo-signed documents, overcharged military borrowers and destroyed documents during a CFPB exam.
November 20
JPMorgan Chase (JPM) has pledged to invest $20 million over the next five years to support U.S. military veterans and their communities.
JPMorgan Chase's commitment was announced Wednesday alongside pledges from 30 other corporations and philanthropic organizations as part of the White House's Joining Forces Initiative, which aims to assist veterans in finding employment, furthering their education, becoming homeowners and finding affordable rental housing. In total, the coalition pledged more than $170 million.
JPMorgan Chase said in a press release that its earmarked money will go toward supporting community partners that provide direct services to the military and veteran populations at the national and regional level. Part of the money will go toward supporting Syracuse University's Institute for Veterans and Military Families, which the bank co-founded in 2011.
"We've seen dramatic progress over the last three years since we launched our military and veterans program and believe our renewed promise will encourage more employers and institutions to join us in supporting our nation's best," said Jim Cummings, global head of infrastructure protection, business continuity and military affairs for JPMorgan Chase, in a press release.
