CDIA values second chances. Too many people leave incarceration without the proper skills to reenter society. One company leading the way to help the formerly incarcerated have an easier reentry is JPMorgan Chase. The company said it will steer more than $7 million toward organizations that provide job- and life-skills training to the formerly incarcerated. The bank is also launching a new ‘policy center,’ a think tank of sorts that will design and advocate for regulatory changes around certain economic issues. Its first agenda item: reforming rules that effectively bar former felons from employment, in finance and elsewhere.
JPMorgan Chase is putting is putting its words in to practice. As reported in a 2019 Forbes story, JPMC hired more than 20,000 people in 2018 and approximately 10% (2,100 people and a criminal history).
Promoting second chances is part of the work of the JPMorgan Chase Policy Center which develops and advances sustainable, evidence-based policy solutions to drive inclusive economic growth in the U.S. and around the world. It is powered by the firm’s global business resources and expertise, including data, research, talent and philanthropic investments. The Policy Center works with policy, business and community leaders to drive effective solutions at all levels of government.
Eric J. Ellman is Senior Vice President for Public Policy and Legal Affairs at the Consumer Data Industry Association (CDIA) in Washington, DC. He also served for eight months as Interim President and CEO of the Association. More