The first LGBT+-owned and targeted digal bankg platform lnched the Uned Stat this week, part of a growg effort to meet the needs of gay and transgenr ctomers.
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There are many bankg products tryg to make fancial servic more accsible, but persistent service gaps n still make the experience loy at bt and discrimatory at worst for some — cludg the at least 20 ln lbian, gay, bisexual, transgenr and queer or qutng adults the U.
It also created a Lbian, Gay, Bisexual, Transgenr and Alli Workg Group 2006 to tablish iativ for s muni, ctomers, and employe.
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” Like “the pa, as a gay man, of gog to a bank and beg asked ‘What do your wife do?, ’” he says.
“Sure, two whe, cisgenred gay men might fd themselv this suatn San Francis or New York, where ’s easier to be LGBTQ+, but that’s not universal. Gay Bank. Gay Bankg.
Jt Nelson, -founr and print of the Natnal Gay and Lbian Chamber of Commerce (NGLCC), said a bank n be viewed as supportive of LGBTQ+ nsumers if adher to polici, practic, and servic geared toward the LGBTQ+ muny. What's more, mortgag for queer homeowners tend to be slightly higher, stg nsumers thoands of while many stutns claim to be alli to the LGBTQ+ muny, that tends to be rporate pkwashg which his a far more homophobic tth. Meanwhile, officials om Bank of Ameri helped negotiate a homophobic bill North Carola that blocked nondiscrimatn laws om gog to effect.
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