News Topic: LGBTQ
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Bill advances that would require lenders to report LGBTQ business data
Beyond waving a rainbow flag: How banks can support LGBTQ communities
LGBT neobank Daylight urges banks to let customers use 'true names'
Citi keeps sponsorship for golfer Thomas after slur
The bank considered terminating the relationship with professional golfer Justin Thomas, but instead decided to use his platform to increase awareness of discrimination against the LGBTQ community, Chief Marketing Officer Carla Hassan said Monday in a blog ... Read full article
Citi sees quick results from True Name cards for trans, nonbinary consumers
The response exceeded expectations, with more than 1,600 Citi customers requesting a name-change on their cards within the first few weeks of the program. ... Read full article
Citi to offer true name card for transgender customers
Citigroup is now the third, and largest, U.S. financial institution to offer the Mastercard True Name feature, which lets customers use their preferred name, rather than their legal name, on credit and debit cards. The cards are targeted specifically for ... Read full article
Banks stand to benefit from Supreme Court’s LGBTQ+ ruling
Bank leaders should embrace the decision in their efforts to guard against reputational and workplace risks. ... Read full article
One bank’s move to embrace transgender consumers
BMO Harris Bank in Chicago recently became the first financial institution to offer a Mastercard that allows transgender and nonbinary people to use their preferred names. Members of that community often experience disproportionate financial hardship, in ... Read full article
Michigan gives green light to credit union targeting LGBT community
Michigan on Monday approved a charter for a new financial institution designed for lesbian, gay, bisexual and transgender customers, clearing the way for online service to begin early in 2020. ... Read full article
Mastercard allows name choice in nod to transgender cardholders
Mastercard is working with its banking partners to introduce True Name cards that will let customers use the name they want on their cards without requiring a legal name change. ... Read full article