Low-income neighborhoods could lose banks

October 13, 2008 10:19AM

A study by Rep. Anthony Weiner’s office shows that 37 percent of New York’s lowest-income neighborhoods could lose banks as JPMorgan Chase closes branches in its Washington Mutual takeover. Weiner noted that the Tremont section of the Bronx has only two bank branches, a Chase and a WaMu, along with ten other low-income neighborhoods. He has asked the U.S. comptroller of currency for a study of the implication of fewer bank branches in low-income communities.

Comments are closed.