232. 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.

Scores (9) 77% AGREE