A coalition of union members, religious leaders, community activists and farm workers are pressing JP Morgan Chase to declare a full one-year moratorium on home foreclosures. Late last week hundreds this coalition protested at 200 JP Morgan Chase branches nationwide. Chase has at least $19.5 billion in homes in foreclosure. The activists are also asking Chase to use its influence as the chief lender to RJ Reynlds to improve the living and working conditions of farm workers who harvest the tobacco that goes into RJ Reynolds products. Brandon Rees is Deputy Director of the AFL-CIO’s Office of Investment.
[Rees]: “We believe that JP Morgan Chase as well as Reynolds American are in a position to help those farm workers, to improve their living standards and also to protect them from health and safety violations, sub-minimum wages that are all too commonplace in migrant farm worker communities today. What we’ve called on JP Morgan Chase to do is to institute a one-year moratorium, in fact to hold that moratorium until a group of independent community leaders can meet with the bank , review their foreclosure process and make sure that JP Morgan Chase is not violating the rights of homeowners.”
By Doug Cunningham
A coalition of union members, religious leaders, community activists and farm workers are pressing JP Morgan Chase to declare a full one-year moratorium on home foreclosures.
Late last week hundreds this coalition protested at 200 JP Morgan Chase branches nationwide.
Chase has at least $19.5 billion in homes in foreclosure.
The activists are also asking Chase to use its influence as the chief lender to RJ Reynolds to improve the living and working conditions of farm workers who harvest the tobacco that goes into RJ Reynolds products.
Brandon Rees is Deputy Director of the AFL-CIO’s Office of Investment.
Rees: We believe that JP Morgan Chase as well as Reynolds American are in a position to help those farm workers, to improve their living standards and also to protect them from health and safety violations, sub-minimum wages that are all too commonplace in migrant farm worker communities today.
What we’ve called on JP Morgan Chase to do is to institute a one-year moratorium, in fact to hold that moratorium until a group of independent community leaders can meet with the bank , review their foreclosure process and make sure that JP Morgan Chase is not violating the rights of homeowners.
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