Reported 1 day ago
JPMorgan Chase is providing disaster forbearance for mortgage customers affected by the destructive wildfires in Los Angeles, allowing them to temporarily pause repayments or pay reduced amounts. This initiative aims to support residents dealing with the aftermath of the fires, which have already resulted in at least 24 fatalities. Experts emphasize the need for financial institutions to focus on managing climate risks to ensure sustainable operations.
Source: YAHOO