Chase bank charges fees to use unemployment debit cards
Trimming the costs of governance isn’t inherently a bad thing, but charging the unemployed fees to access their account information probably isn’t the best way for the state to save money. However, that’s exactly what happened when Rhode Island outsourced the management of unemployment fund accounts to JP Morgan Chase in 2007. “JPMorgan Chase agreed [...]
Why do Big Banks care about Charter Schools?
Why Does JP MORGAN CHASE want to create a $325 million fund to invest in charter schools? Because they can make money off of them silly. JPMorgan Chase Creates $325 Million Funding Initiative For High-Performing Charter Schools$50 Million in Grants Crucial Amidst Challenging Credit Markets New York, May 4, 2010 – JPMorgan Chase announced today [...]
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