March 11, 2006
CHASE BANK’s REPARATION & COMMUNITY PARTNERSHIP COMMITMENTS
JPMorganChase Bank has $800 billion dollars in their Community Partnership commitment. To whom are these funds committed and for what purpose? $69 billion according to their statements have been committed to mostly to Caucasians and Foreigners, and limited amounts to African Americans. The Civil Rights legislation The Community Re-Investment Act of 1977 (CRA) was implemented due to red-lining and discriminatory practices by banks that effected African Americans more than any other group or gender. Chase Bank has an army of CRA officials that are there to implement their CRA commitments. These officials state that the act wasn’t meant for African Americans. see: http://www.uaadcorp.com.
JPMorganChase Bank admitted to using slaves as collateral during their development. For such wrong doings this bank committed $5 million dollars over a 5 year period to a certain group of African Americans in the state of Louisiana apparently as compensation for their grievous acts against humanity. See: Chase Bank’s Community Partnership, and if you are extremely computer literate, you may find this commitment under “smart start of Louisiana. Speaking to bank officials who stated they were responsible for implementing this agreement, or arrangement, indicated in a telephone conversation that they were not certain how to apply for the scholarships mentioned, the amount that had been distributed, nor any other terms of the agreement. One official whose name can be supplied stated it was a commitment JPMorganChase had made toward Reparation payments due to the banks past slave trade involvement.
See: http://www.uaadcorp.com UAAD was also told on this date that in order to obtain a scholarship the student would have to apply at one of several Universities in Louisiana, all who would be listed on Chases web site. After speaking to these officials members of UAAD contacted student finance at GSU and discovered that no one at the college knew anything about the program and commitment by JPMorganChase Bank. It was also discovered that Chases officials who did know about the program indicated that funds and awareness was not made available by her supervisor due to Chase Bank officials attempting to figure out a way to funnel these funds to the hurricane victims, rather than the original intended victims.
UAAD intend to submit the above as an additional complaint to Mr. David Lewis the Community Affairs Officer of the Office of the Comptroller of the Currency (OCC) and ask that he investigate or ask the appropriate agency to investigate this and other complaints. We also ask President Bush who this agency falls under to address this complaint. UAAD ask Congress to allow UAAD and other Community and Civil Rights organizations to set hearings on these matters. UAAD ask that Congress pressure the Republican controlled committees to allow these community organizations to be heard while hearing the Katrina hurricane victims. The main purpose and the urgency of UAAD to be heard by congress and others is to simply explain how the trillion of dollars our nations banks have in their CRA, Community Partnership funds should and can be used to assist the Katrina victims as these funds should have been utilized since slavery.
CHASE BANK’s REPARATION & COMMUNITY PARTNERSHIP COMMITMENTS
JPMorganChase Bank has $800 billion dollars in their Community Partnership commitment. To whom are these funds committed and for what purpose? $69 billion according to their statements have been committed to mostly to Caucasians and Foreigners, and limited amounts to African Americans. The Civil Rights legislation The Community Re-Investment Act of 1977 (CRA) was implemented due to red-lining and discriminatory practices by banks that effected African Americans more than any other group or gender. Chase Bank has an army of CRA officials that are there to implement their CRA commitments. These officials state that the act wasn’t meant for African Americans. see: http://www.uaadcorp.com.
JPMorganChase Bank admitted to using slaves as collateral during their development. For such wrong doings this bank committed $5 million dollars over a 5 year period to a certain group of African Americans in the state of Louisiana apparently as compensation for their grievous acts against humanity. See: Chase Bank’s Community Partnership, and if you are extremely computer literate, you may find this commitment under “smart start of Louisiana. Speaking to bank officials who stated they were responsible for implementing this agreement, or arrangement, indicated in a telephone conversation that they were not certain how to apply for the scholarships mentioned, the amount that had been distributed, nor any other terms of the agreement. One official whose name can be supplied stated it was a commitment JPMorganChase had made toward Reparation payments due to the banks past slave trade involvement.
See: http://www.uaadcorp.com UAAD was also told on this date that in order to obtain a scholarship the student would have to apply at one of several Universities in Louisiana, all who would be listed on Chases web site. After speaking to these officials members of UAAD contacted student finance at GSU and discovered that no one at the college knew anything about the program and commitment by JPMorganChase Bank. It was also discovered that Chases officials who did know about the program indicated that funds and awareness was not made available by her supervisor due to Chase Bank officials attempting to figure out a way to funnel these funds to the hurricane victims, rather than the original intended victims.
UAAD intend to submit the above as an additional complaint to Mr. David Lewis the Community Affairs Officer of the Office of the Comptroller of the Currency (OCC) and ask that he investigate or ask the appropriate agency to investigate this and other complaints. We also ask President Bush who this agency falls under to address this complaint. UAAD ask Congress to allow UAAD and other Community and Civil Rights organizations to set hearings on these matters. UAAD ask that Congress pressure the Republican controlled committees to allow these community organizations to be heard while hearing the Katrina hurricane victims. The main purpose and the urgency of UAAD to be heard by congress and others is to simply explain how the trillion of dollars our nations banks have in their CRA, Community Partnership funds should and can be used to assist the Katrina victims as these funds should have been utilized since slavery.
posted by walter | 8:55 PM
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