Yesterday, JPMorgan Chase announced that the company “will no longer bank the private prison industry.” [1]
As one of the largest financial institutions in the world, JPMorgan Chase’s decision will have immediate and significant impact on private prison companies, which currently hold the majority of detained immigrants. [2]
Your voice and your energy helped make this victory possible. Thanks to you, our campaign demanding JPMorgan Chase and Wells Fargo stop profiting from immigrant detention and private prisons is celebrating a momentous victory.
Thank you for petitioning and protesting. Thank you for joining the worldwide effort to stop the flow of money to corporations profiting from imprisonment.
Now it’s time to turn up the heat on Wells Fargo. The big bank hasn’t yet committed to cutting off money to private prisons and immigrant detention centers.
We will continue to stand with the #FamiliesBelongTogether coalition and demand Wells Fargo end their financing of CoreCivic and Geo Group Inc.
If you haven’t yet, sign our petition here. Once you’ve taken action, share with your friends and family so they can join the call.
Stay tuned for future actions and alerts!
[1] “JPMorgan Backs Away from Private Prison Finance”, U.S. News & World Report, March 5, 2019
[2] “JPMorgan Chase to Stop Serving Private Prisons,” Democracy Now, March 6, 2019