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Chase Bank Executive Reveals Ways Bank Supports Black Community

In 2020, [JP Morgan] Chase announced its $30 billion racial equity commitment, a five-year plan that includes assisting entrepreneurs in historically underserved areas to access coaching, technical assistance and capital. Chase has also provided 15,000 loans to small businesses in diverse communities.

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Myesha Brown. Photo courtesy of JPMorgan Chase.
Myesha Brown. Photo courtesy of JPMorgan Chase.

Honoring Black Achievement and Doubling Down on the Work to be Done During Black History Month and Beyond

February is Black History Month – an annual commemoration of the achievements of Black Americans and their remarkable impact on history. It’s a time to celebrate the cultural heritage shaped by generations of Black Americans, who for many decades have fought for equity – a fight that continues today.

Though advancements have been made, there is still so much work to be done in our communities in the pursuit of racial equity. For more on how JPMorgan Chase is honoring Black History Month, and how you can too, we sat down with Myesha Brown, Oakland Community Manager from the branch at 3005 Broadway, to discuss some impactful ways to celebrate and support the Black community, not just this month – but all year long.

Oakland Post: What type of investments is Chase making to bolster the financial health of its Black customers and communities?

Brown: Let’s first talk about Black History Month. We’re committed to driving real and sustainable change for the Black community here at Chase and around the world. We’re using this time to both reflect on the past, aswell as our commitment to build a more equitable future for all people.

From the way we do business to the policies we advocate for, our commitments are part of a continued effort to bring an enhanced equity lens to JPMorgan Chase’s businesses and how we serve all customers, clients, communities and employees.

And so, our work to support the Black community goes beyond banking. By providing growth opportunities for diverse-owned small businesses, increasing homeownership rates, providing better access to affordable housing and more, Chase is committed to helping close the racial wealth gap and driving economic inclusion. We’re also giving underbanked communities better access to the necessary resources to improve financial health.

But the work doesn’t stop there. Every day we collaborate with community partners, policymakers, customers and employees to continue improving the financial health of underrepresented communities.

Oakland Post: How is Chase helping to accelerate Black-owned businesses?

Brown: In 2020, Chase announced its $30 billion racial equity commitment, a five-year plan that includes assisting entrepreneurs in historically underserved areas to access coaching, technical assistance and capital. Chase has also provided 15,000 loans to small businesses in diverse communities.

Additionally, Chase offers a suite of helpful tools for Black and diverse-owned businesses. For example, we offer one-on-one counseling with a business banking professional, access to the Chase for Business Resource Center and membership to the JPMorgan Chase Supplier Diversity Network (SDN).

Oakland Post: What are some ways people can support the economic growth of the Black community?

Brown: Black History Month is a great reminder that, while some advancement has been made, there is room for improvement.

In February 2019, JPMorgan Chase launched Advancing Black Pathways (ABP) to strengthen the economic foundation of the Black community. ABP focuses on four key areas where there are racial and economic disparities that can create barriers to long-term financial success: careers and skills, business development, financial health and wealth creation, and community development.

These four key areas acknowledge the power and importance that entrepreneurship plays in the Black community Unfortunately, the racial wealth gap widened during the COVID-19 pandemic, with only 5% of Black Americans holding business equity — a key driver of wealth — compared to 15% of white Americans.

There are many impactful ways to support economic growth of Black Americans on local and national levels, during Black History Month and all year long. Consider these opportunities:

  • Purchase a product from, or solicit the services of, a Black-owned business.
  • Spread the word about your favorite Black-owned brands.
  • Donate to a nonprofit that is working to advance racial equity.
  • Follow a Black business on social media and engage with their posts to help build their online presence.

We know that owning a business represents the best path to the middle class. So, if we are to make meaningful progress in closing the racial wealth divide, entrepreneurship must be a key part of the equation. We can never lose sight of that dream.

Sponsored content from JPMorgan Chase & Co. To learn more about how Chase can guide your business to the right resources, please visit the following sites: Chase’s new program to empower diverse small businesses: https://www.chase.com/businessconsultant and Advancing Black Pathways: https://www.jpmorganchase.com/impact/people/advancing-black-pathways.

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Bay Area

Oakland Mayor Pushes Charter Overhaul to Clarify Roles in City Government, Increase Accountability and Improve Service Delivery

Under the proposal, the mayor would serve as Oakland’s chief executive, overseeing city departments, implementing policy, proposing the annual budget, and managing day-to-day operations. The measure would also give the mayor veto power over legislation and the budget, though the City Council could override a veto with a two-thirds vote.

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Oakland Mayor Barbara Lee. File photo.
Oakland Mayor Barbara Lee. File photo.

By Oakland Post Staff

Oakland Mayor Barbara Lee is backing a sweeping proposal to restructure Oakland’s government, arguing the changes would make City Hall more accountable and improve the delivery of basic services like public safety, homelessness response, and infrastructure repairs.

The charter reform measure, introduced April 7 and co-sponsored by Oakland City Council President Kevin Jenkins, would ask voters in November to approve a “strong mayor, strong council” system designed to create clearer lines of authority inside city government.

Under the proposal, the mayor would serve as Oakland’s chief executive, overseeing city departments, implementing policy, proposing the annual budget, and managing day-to-day operations. The measure would also give the mayor veto power over legislation and the budget, though the City Council could override a veto with a two-thirds vote.

The City Council, meanwhile, would maintain legislative authority by adopting ordinances, approving budgets, conducting oversight hearings, and confirming key mayoral appointments. The proposal would also create an Independent Budget and Legislative Analyst Office to provide nonpartisan fiscal and policy analysis for councilmembers.

“I’ve spent months listening to Oaklanders across every neighborhood about what they expect from their city government,” Lee said. “The Charter Reform Working Group’s engagement made clear that residents want a system where there are no questions about who is responsible for delivering results on public safety, homelessness, infrastructure, and basic services.”

Jenkins said the proposal would strengthen both executive leadership and council oversight.

“I’ve long believed Oakland works best when residents have clear lines of accountability and a government structure that aligns responsibility with results,” Jenkins said.

The proposal follows recommendations from the Mayor’s Charter Reform Working Group, co-facilitated by the League of Women Voters of Oakland and SPUR.

Over five months, the group conducted more than 60 interviews, held 14 public meetings across Oakland, and engaged more than 750 residents while reviewing governance models used in other cities.

“The process of engaging residents across Oakland surfaced the governance clarity Oakland needs,” said Sujata Srivastava of SPUR. “The Charter Reform Working Group has produced a thoughtful set of recommendations that if adopted could strengthen accountability and improve service delivery across city government.”

Polling cited by the mayor’s office suggests voters may be open to the changes. A February 2026 poll by the East Bay Polling Institute found 64% of voters support adopting a strong-mayor system. Separate polling conducted by the Oakland Chamber of Commerce and David Binder Research found support ranging from 61% to 63% among likely voters.

The measure is scheduled to be heard by the City Council Rules Committee on May 21. If approved by the council, it would appear on the November 2026 ballot, where Oakland voters would have the final say.

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Activism

The Ladies of Delta Sigma Theta Hold Day of Advocacy at the Capitol in Sacramento

A member of the “Divine Nine,” Delta Sigma Theta Sorority, Inc., was founded on Jan. 13, 1913, at Howard University in Washington, D.C. The organization was established by 22 women who sought to shift the group’s focus from social activities to public service, academic excellence, and social activism.

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Sen. Laura Richardson (D-San Pedro) presents a Senate resolution to the Delta Theta Sigma Sorority Farwest Region at the State Capitol on May 4. Photo courtesy of the Senate Rules Committee.
Sen. Laura Richardson (D-San Pedro) presents a Senate resolution to the Delta Theta Sigma Sorority Farwest Region at the State Capitol on May 4. Photo courtesy of the Senate Rules Committee.

By Antonio Ray Harvey, California Black Media

On May 4, members of the Farwest Region of Delta Sigma Theta Sorority, Inc., convened at the California State Capitol for the organization’s 23rd annual Delta Days in Sacramento.

The two-day advocacy event brings together chapters from across California to engage directly in the legislative process, connect with lawmakers, and advocate for policies impacting Black communities.

Members of the sorority were honored on the Senate floor by Sen. Laura Richardson (D-San Pedro), who is also a member of Delta Sigma Theta.

Richardson welcomed the Farwest Region during the presentation of a Senate resolution recognizing outgoing Regional Director Kimberly Usher for her leadership and service.

“In addition to the Far West Region, we are led by a fearless leader, regional director Kimberly Usher. She has now served her full term of what’s allowed,” Richardson said. “We are going to be having our regional conference, but we wanted to give it to her here, officially recognizing her service.”

The resolution was co-authored by Richardson and fellow members of the California Legislative Black Caucus (CLBC) and Delta Sigma Theta, Sen. Akilah Weber Pierson (D-San Diego) and Assemblymember Rhodesia Ransom (D-Stockton).

Usher has served in the leadership role since 2022.

A member of the “Divine Nine,” Delta Sigma Theta Sorority, Inc., was founded on Jan. 13, 1913, at Howard University in Washington, D.C. The organization was established by 22 women who sought to shift the group’s focus from social activities to public service, academic excellence, and social activism.

“We are founded on sisterhood that is deeply rooted in scholarship, service, and social action,” said Weber Pierson, a member of the Gamma Alpha chapter of Delta Sigma Theta Sorority.

“Today, we continue a legacy of empowering communities and upholding the high cultural, intellectual, and moral standards established by our founders over a century ago,” she added.

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Bay Area

Q&A with Steven Bradford: Why He Wants Your Vote for California Insurance Commissioner

Known for his work on issues ranging from energy and public safety to economic development, Bradford has also engaged with insurance policy during his time in the Legislature, serving on the Senate Insurance Committee. 

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Hon. Steve Bradford, candidate for California Insurance Commissioner.
Hon. Steve Bradford, candidate for California Insurance Commissioner.

By Edward Henderson, California Black Media 

As California confronts rising insurance costs, market instability, and growing concerns about access and equity, the race for the state’s top insurance regulator is drawing increased attention.

Among the candidates is Steven Bradford, a veteran public servant with more than two decades of experience in government, including eight years in the State Senate and five years in the State Assembly.

Known for his work on issues ranging from energy and public safety to economic development, Bradford has also engaged with insurance policy during his time in the Legislature, serving on the Senate Insurance Committee.

Now, he is making his case to voters for why his background and perspective best position him for the role of California’s next insurance commissioner.

California Black Media (CBM) spoke with Bradford about his campaign experiences, key issues he plans to solve if elected, and his vision for the insurance commissioner role.

For readers who may not be familiar, what does the Insurance Commissioner do, and how would you use that role to address issues impacting communities in California?

The Insurance Commissioner is both a regulator and an administrator. The office oversees the entire insurance market—approving companies to operate, licensing agents and brokers, and reviewing rate increases or decreases.

This role is about oversight and action. The commissioner should be a watchdog, not a bystander, especially in a state like California, which has the third-largest insurance market in the world.

Last year, you shifted your campaign from running for lieutenant governor to the race for insurance commissioner. What spurred that decision? 

Insurance impacts every part of people’s lives. You can’t buy a home without it—that contributes to the housing crisis. You can’t legally drive without it—that affects people’s ability to work. And businesses can’t operate without it.

For years, insurance has disproportionately impacted low-income communities and people of color. While everyone is feeling the strain now, those communities have long been hit hardest. That’s why it’s critical that insurance is not just available, but affordable.

What sets you apart from the other candidates in this race?

My record: 26 years of public service. I’ve shown up, stood up, and spoke up for Californians.  

A recent Supreme Court decision impacting the Voting Rights Act has raised concerns about representation. What message do you have for voters in California regarding the importance of their vote?

It’s alarming. If people think this doesn’t affect them, they’re mistaken. There’s a real effort to roll back decades of progress and silence voters.

Your vote is your most powerful tool, and we have to use it—every election.

What are you hearing from voters as you campaign across the state?

Affordability and transparency.

People are struggling with rising costs, and many don’t fully understand what their insurance policies cover.

We saw that clearly in places like Altadena and the Palisades—people had insurance but were underinsured. They didn’t realize their coverage wouldn’t meet the cost to rebuild. That’s unacceptable.

We must acknowledge the inequities in the system. The FAIR Plan has roots in discrimination, and today we still see disparities based on ZIP code and income. We need a more competitive and equitable market where consumers have choices.

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