One personal decision can create a mess of financial challenges for transgender Americans—‘it takes a lot of courage' [CNBC]
JP Morgan Chase & Co. (JPM)
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Source: CNBC
But doing so is seldom easy and can create even more problems — particularly for your finances — after the fact, according to a recent white paper published by J.P. Morgan Wealth Management. Even if you get through the lengthy and complicated process to legally change your name, there are often more hurdles ahead “You have a new name that doesn't match your driver's license, or the name on your lease for your apartment, or the name on your credit cards, so it becomes an issue where these [financial] institutions think that we're fraudulent,” Leo Aquino, a personal finance journalist and educator who founded Queer and Trans Wealth , tells CNBC Make It. “You're automatically sort of looked at as…a person who's trying to get one over on us, which is simply not true.” Trans and nonbinary people may face additional challenges than those changing their name for other reasons. “There are clear processes for updating the change of last name because of marriage and divorce — our legal s
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 5/16/24 - Form 424B2
- 5/16/24 - Form 424B2
- 5/16/24 - Form 424B2
- JPM's page on the SEC website