Friday, June 09, 2006
CRA/OCC COMPLAINT: JPMorganChase Bank (case#617-354)
Ms. Jee, Mr. Lewis OCC Officials please see that this and all complaints are entered in Chase Bank Branches nation wide for Public View under 12CFR43.25, complaint #617-354 of the CRA regulation.
We are also awaiting a determination from your office on JPMorganChase Banks authority to cease UAAD officials from entering and inspecting their public files for complaints under 12CFR43.25 of the CRA regulations
Mr. Mark Willis VP Community Partnership JPMorganChase Bank please enter this and all complaints in Chase Bank Branches nation wide for Public View under 12CFR43.25, complaint #617-354 of the CRA regulation.
We are also awaiting a determination from your office on JPMorganChase Banks authority to cease UAAD officials from entering and inspecting their public files for complaints under 12CFR43.25 of the CRA regulations
United Affirmative Action Development Corporation (UAAD) a 5013c non-profit and United Equity Development Corporation (UEDC) a for-profit Community organization whose principle goals are to provide an instrument beneficial to both the bank and the community it serves, a means to allow our members an entry into this financial institution, and at the same time allowing the bank to fill its obligation of safe and sound banking practices.
As stated by Hugh B. Price than President of the National Urban League, “most people who live outside of Washington DC have probably never heard of the Community Reinvestment Act. Yet though unsung, the CRA is one of the most important pieces of civil rights legislation Congress has ever passed. He went on to say “Congress passed the Community reinvestment Act in 1977 in response to clear evidence of the noxious effects of “redlining” – the systematic refusal of lenders to provide loans to businesses, homeowners and prospective home buyers in particular neighborhoods, especially those which were predominantly Black or Hispanic.”
Comptroller of the Currency
Administer of National Banks
Ms. Delora Jee, Deputy Comptroller
250 E. SW
Washington, DC 20219
Re: Complaint # 617-354
Ms. Jee,
My name is Walter Ellis CEO of United Affirmative Action Development Corp (UAAD) a 501c3 non profit, negotiating a CRA agreement with JPMorganChase Bank. On 02/27/06 I spoke to you by phone from Congressman Conley’s office. The question was regarding JPmorganChase Bank’s adherence to 12CFR43.25 regarding disclosure of branches public files. You stated that though they do not have to provide their two year CRA activities as a small bank is required, they are required to have available in each branch any and all complaints filed. These complaints must be made available to 501c3 organizations, and the public. The OCC supervisor Ms. Sharon Gilstrap advised me on several occasions that such complaints should be made available to organizations and the public.
On April 4, 2006 I met with JPMorganChase Bank officials and Mr. David Lewis the Community Affairs Officer for the OCC whose region covers Louisiana. Mr. Lewis assured me that such complaints would be made available. I later received a letter from JPMorganChase Bank that I could not enter “any” JPMorganChase Bank branch, due to my complaints.
On May 04, 2006 I spoke to Mr. David Lewis regarding this complaint. Mr. Lewis stated that the bank could not bar me from entering their branches. Mr. Lewis stated also that he would investigate my complaint and would get back in touch with me the first of the week. It is now May 13, 2006 and Mr. Lewis has not returned my call.
This date I received a letter Debra Baker OCC Service Manager, (attached). This letter appeared to be a smoke screen on the part of your agency that intentionally would not address the issue of the banks responsibility of posting complaints in their public file as you and Ms. Gilstrap stated they were required.
The reason for this smoke screen on behalf of your agency in my opinion is two-fold:
Your agency does not want to investigate JPMorganChase Bank because you state it is a conflict of interest on your part.
If your statement on 2/2706 is a true statement that complaints be in the public files, and Ms. Gilstrap stating on several occasions that this is the case, than it is apparent that the letter I received this date from Ms. Baker is a smoke screen created by your agency, see:
http://www.uaadcorp.com/ , and click on “Federal Agencies and Banks Collaborate”,
http://www.uaadcra.blogspot.com/
Ms. Jee I would like a reply from your office as soon as possible. If my complaint is legit, it is another example of why when African Americans complain, they need to hire an attorney according to Ms. Baker, and when Caucasians complain Federal Agencies investigate and prosecute.
Respectfully,
Walter L. Ellis, CEO UAAD
uedcinc@aol.com
It appears that Chase Bank on their web site regarding their Community Partnership Program is assumed to take the place of their CRA program. CRA is mandated by the CRA act of 1977 to address the red-lining and discrimination practiced by the banks. It appears that Chase after its various mergers and is regulated by CRA is now forming a related department that may or may not meet the requirements of CRA. See previous complaint: http://www.federalreserve.gov/events/publicmeeting/19980813/panel16.htm
August 24, 1999 United Equity Development Corporation (UEDC) attempted to negotiate an Affinity Visa Credit Card agreement with FIRST USA PARTNERS, a division of Bank One, at a low interest rate for African Americans and those who have been unrepresented by banks.
April 28, 2006 UAAD negotiated with JPMorganChase Bank an Affinity Credit Card Agreement. See: http://www.chaseuedcaffinity.blogspot.com/
Memo of conversation with Chase Bank officials (9/23/05)
This pm I contacted Ms. Gloria Reynolds via phone (214)651-8189 regarding a request to enter into negotiations under the COMMUNITY RE-INVESTMENT ACT of 1977 (CRA) in order to address the needs of low income, moderate income individuals, and especially those suffering from the hurricanes.
Ms. Reynolds first stated the bank do not have any special programs regarding these victims, other than an employee contribution within Chase Bank. She did advise that if special type loans were needed for individuals such as me or victims of the hurricane, I would have to speak to the bank’s Shreveport, LA. Office with Charlita Coleman. Ms. Reynolds stated she would give me a “yes or no” answer regarding my request that had gone from their New Orleans office to Chicago IL., than back to New Orleans, than to Dallas, TX. This request, a part of which is on www.unitedaffirmativeactiondevelopment.com web site which I believe clearly indicates the request of UAAD to enter into a CRA agreement to address the present and past red-lining and discriminatory practices of Chase Bank/ Bank One. When asked if she, Ms. Reynolds, was the proper official to discuss this matter with, she indicated she was and later gave a confusing answer as to what her position would entail. In a later phone conversation, Ms. Reynolds indicated she would review my request on the web site and make an attempt to give me an answer this p.m. When I indicated to Ms. Reynolds that Ms Coleman had advised that I would have to talk to a no named official in their New York office, Ms. Reynolds stated she would be doing so, but had not yet determined who that official would be at this time.
While speaking to Ms. Coleman, and asking her what programs Chase provide for low, moderate income individuals under CRA regulations, she fumbled through several, but none provided directly by Chase Bank. Ms. Coleman did state that if my non-profit organization was involved in HUD housing development, and we could show that involvement, the bank would entertain a partnership program if our organization met their requirements. I asked Ms. Coleman to e-mail me the Bank’s requirements. Ms. Coleman stated I would have to first fax or e-mail her my qualifications. What I am suggesting by repeating these conversations is that these individuals both Ms. Reynolds, Ms. Coleman, Mr. Scott and others are employed by Chase/Bank One to block organizations such as UAAD/UEDC from entering into any worthwhile agreement as regulated by the FDIC/OCC under the CRA Act. Walter L. Ellis CEO UAAD/UEDC
Ms. Reynolds (September 27, 2005)
I received your email dated 9/26/05 and your bank’s most recent performance evaluation for Bank One (all 274 pages).
On a separate note I asked whom I would speak to or could meet with in order to discuss a CRA agreement with Chase Bank/Bank One. Your reply was that individual who at the time of our conversation you were unable to identify, would be in your Chase Bank, New York office. You stated it would be the following week before you could contact that individual. You also stated you would pass on that information when you contacted him or her. I also asked what your position with the bank was and if you were a CRA official capable of discussing an agreement and you again stated that person is in the New York office.
You didn’t give me your position with the bank and I would appreciate knowing what your title is in the event UAAD may enter into an agreement with Chase Bank as you related that there were other opportunities offered by your bank to assist community organizations such as UAAD, a 501c3 non-profit.
I asked that you review our web site in order for you to understand that Bank One when it purchased Premier Bank, UAAD was invited by Premier to assist in enhancing its CRA programs. Bank One CRA officials also discussed agreements with UAAD, verbally and in writing. After the merger was finalized UAAD filed a complaint with the FDIC and OCC due to the bad faith negotiations on the part of Bank One. (documents are available)
So I say to you, Ms Reynolds that I strongly object that you would accuse UAAD or me of making false accusations regarding Chase Bank being involved in discriminatory practice, but according to Premier and Bank One officials, they clearly stated that their banks were guilty of both red-lining and discriminatory practices. There may come a time when these charges can be brought out for Congress, the courts and the public to review. I personally do not need your web address in order to find the nearest Chase Bank, I’m aware of Chase Banks lending practice to African Americans, in particular, and believe that our CRA proposal will assist in alleviating your bank’s present and past performance.
UAAD’s aim and goals is to assist Chase Bank in providing economic parity to “all” in the community your bank serves. Our proposal entails programs that will allow Chase Bank to enter into an agreement with benefits for the community and “Chase Bank consistent with safe and sound banking practices.
Your immediate reply would be appreciated. Sincerely, Walter L. Ellis, CEO UAAD/UEDC
Memo: Meeting with Chase Bank officials (September 29, 2005)
I met with Ms. Charlita Cloman, Vice President, and Community Partnership Mgr at Chase Bank in Shreveport, LA. The purpose of this meeting was to discuss Chase Bank’s CRA or Community Partnership or any program Chase Bank may have to assist United Affirmative Action Development Corp (UAAD) and its members in entering an agreement. Ms. Cloman indicated that she will set up a telephone conference that included Mike Scott and Gloria Reynolds since I had been speaking with them regarding negotiations for a CRA agreement. The telephone conference was implemented by Ms. Cloman. Mr. Scott spent considerable time regarding his displeasure with me making unfair statements regarding his bouncing my proposal from bank official to bank official. He also appeared upset regarding my frequent statements saying that the CRA Act also addressed the red lining of Blacks, African Americans to include low and moderate income. My explanation of using African Americans as victims of the banks wrongful act, to include Chase Bank was my belief that the Community Re-investment Act of 1977 was implemented due to the banks policy of red lining in the African American community, past and present. Mr. Scott went on to say, with Ms. Reynolds’ backing, that Chase Bank had no obligation to adhere to the Community Re-investment Act of 1977.
Upon this remark being stated in a different manner on several occasions, I advised Mr. Scott that I would reply to our conversations on UAAD’s web site and would email my reply to Chase bank officials.
Mr. David Lewis, Community Affairs Officer March 15, 2006
Office of the Comptroller of the Currencey
500 N. Akard St., Suite 1600
Dallas, TX 75201
Dear Sir,
Due to previous complaints UAAD has made against Bank One and Mr. Mizell Scott’s failure to respond, we ask that your office make this complaint official.
A recent complaint #617-354 was filed at the Houston, Texas office of the OCC.
Bank One / JPMorganChase Bank fail to allow UAAD and others to view their public files as required under 12CFR25.43.
Bank One failure to honor previous agreements entered into by UAAD.
Bank One failure to provide loan applications to minorities.
Bank One failure to disclose CRA activities.
Bank One failure to recognize African Americans as CRA recipients.
Bank One failure to provide financial assistance through their CRA activities, or Community Partnership arrangements.
Bank One JPMorganChase’s failure to include African American Community Organizations in their Community Partnership programs in a manner benefitual to the African American Community.
JPMorganChase Bank”s promise to pay $5 million dollars in reparation payment to descendants of slaves.
Mr. Lewis I ask your immediate attention to this complaint and provide me in writing how your office can assist.
JPMorganChase Bank’s commitment to “REPARATION”????????????
After making a commitment to “REPARATION” of a measly $5 million dollars, this bank’s intent is to distribute these substandard funds in a manner that it will benefit Caucasians and very little to African Americans. This is a similar manner in which Chase bank distributes its Community Partnership funds that should be meant for African Americans. See: http://www.uaadcorp.com/. This is the manner in which JPMorganChase Bank has operated since they held Slaves as collateral. JPMorganChase Bank committed $800 billion dollars in 2004 that should have been for “REPARATION”, but instead has been committed to the advancement of Caucasians. This administration and its regulatory agencies support JPMorganChase and its racist discriminatory practices. UAAD ask Move-On, Congress, to assist in ending these practices. There is no reason why these commitments by Chase and other banks in excess of $4.2 trillion dollars shouldn’t be used to assist the hurricane victims and other African Americans in need, suffering since slavery. See: http://www.bankingwhileblack.blogspot.com/
February 26, 2006
While lobbying Congress and the Office of the Comptroller of the Currency (OCC) regarding JP Morgan/Chase Bank’s non-compliance of the Community Re-Investment Act of 1977 (CRA) a Civil Rights Legislation, the following is my report;
The purpose of lobbying was to present proposals that United Affirmative Action Development Corp (UAAD) a 501c3 non-profit community organization, wished to express how funds in excess of $800 billion dollars that Chase Bank has committed towards fulfilling it’s obligation under CRA, can assist the Katrina victims.
The sooner Chase Bank makes a commitment to African Americans as it has to others, the sooner economic parity will be obtained. Chase Bank should not meet the requirements of CRA mainly because of this legislation. They should feel obligated to serve the needs of the entire community no matter of color or gender. Mr. Mizell Scott who serves as Vice President of Chase Bank’s CRA for the State of Louisiana expresses the views of Chase Bank when he has stated on more than one occasion that it is his and Chase Bank’s view that CRA was not meant for African Americans, and Chase Bank doesn’t have to adhere to UAAD’s views. Mr. Scott and other Chase Bank CRA officials also express that they are proud of Chase Bank’s CRA performance.
According to the latest CRA Performance Evaluation March 31, 2004 by OCC, in my opinion the State of Louisiana must have the worst report of all the States in which Chase Bank operates. See: www.uedcinc.com/id18.html According to the same report it is recommended by the OCC that Chase Bank should involve community organizations in order to improve their performance. See; http://www.uaadcorp.com/ for more information regarding this complaint.
Conversation today with Mr. Lewis that there is a good possibility of implementing and getting funding our proposed programs at GSU and othe HBUCs. This proposal is to establish a chair, a business center, scholarships and other educational benefits for the community.
I received a call from Mr. David Lewis who represents the OCC compliance in the southern area. His request was that I hold off my complaints, and he would assist in our organization getting the necessary funds to promote our CRA activity proposals. He indicated the HBUC's and similar programs would more than likely be supported by the OCC and banks. He basically asked if I would set aside the protest and complaints, he would probably be able to convince the bank(s) to service the needs of the community. I will be in contact with Mr. Lewis in the next few days arranging a meeting (forum) at Grambling State University between April 3-6, 2006. I would ask your assistance in arranging this forum if available. I believe this will be an opportunity to present and place worthwhile programs in the community. Your organizations assistance will help make these programs the success they deserve.
Walter L. Ellis CEO UAAD 2/28/06
The cause of poverty prior to Katrina (March 9, 2006)
CNN is doing a fair job of exposing racism and discrimination in America. United Affirmative Action Development Corp (UAAD) a 501c3 could use your and others assistance in exposing our nation’s banks predatory lending and red-lining practices which has been the major contributor to this problem. With proper exposure and investigation it is believed that banks will be persuaded to provide the necessary assistance long past due African Americans in particular. http://www.uaadcorp.com/
The discriminatory practices of regulatory and law enforcement agencies helped to create the conditions African Americans were exposed to in New Orleans in particular. When a few thousand Enron employees, the majority being Caucasian were harmed, our Justice Department spent millions of dollars and thousands of man hours protecting the interest of those in need. For the good of society all citizens should and deserve such protection. When JPMorgan Chase Bank admits to using slaves as collateral, and are allowed to continue predatory lending practices after such crimes, rather than prosecution they are protected by The FDIC and OCC. Regulations enacted under civil rights benefiting African Americans are seldom enforced.
(see: and http://www.bankwhileblack.blogspot.com/.)
March 4, 2006
Proposal to JPMorgan / Chase Bank to establish Professorships and Business Development Centers at Grambling State University (GSU), all HBUC’s and other colleges and universities in the state of Louisiana.
UAAD request a grant from Chase Bank for the following purposes:
To establish Professorships at HBUC’s in order that students become more informed of all the benefits of the banking industry.
To establish off campus a business development center. This center will benefit the community in which the bank(s) serve, and will allow for equitable distribution of banks’ community partnership or CRA funds available to low-moderate income individuals.
In order that UAAD can facilitate this request we are asking Chase Bank to support this project in the following manner:
A grant of $20,000.00 to cover cost of arranging conferences related to this proposal. To also prepare a comprehensive proposal to request funding for:
Professorships at GSU $600,000.00
Administration support $400,000.00
Building $500,000.00
$1,500,000.00
Dillard University $1,500,000.00
Southern University $1,500,000.00
Xavier University $1,500,000.00
Louisiana Tech $1,500,000.00
Univ of LA @Lafayette $1,500,000.00
Other Universities and Colleges with established
Business Development Center $1,000,000.00
Total $8,000,000.00
A plea to President Bush’s compassion March 8, 2006
Mr. President,
African Americans are concerned along with all citizens of Louisiana regarding your commitment to the hurricane victims. Our nations banks claim to have a commitment to assist low-income, moderate-income individuals that should include African Americans under civil rights legislation, meant for African Americans, a regulation named THE COMMUNITY RE-INVESTMENT ACT of 1977 (CRA). This act was implemented due to racism, red-lining and discrimination practiced by our nation’s banks since Slavery. Our nation’s banks have in their commitments in excess of $4.2 trillion dollars in their CRA commitments. See http://www.uaadcorp.com/. These funds dispersed as meant, will provide economic parity for those most in need and the intent of CRA. UAAD a 501c3 non-profit ask that you as a compassionate conservative ask The FDIC / OCC both under your control to insist that these agencies not continue their discriminatory practices in enforcing this important civil rights legislation. With the enforcement of this act as written, and a common cense approach by the FDIC / OCC funds that should be available by Chase the largest financial institution in the state of Louisiana should be made to be utilized to assist the hurricane victims that were discriminated, red-lined and treated in an unfair manner since slavery. JPMorganChase Bank recently agreed to pay reparation payments to African Americans for their despicable acts of using slaves for collateral. It appears that they are continuing similar practices with their predatory lending practices since slavery. It is apparent that these funds properly dispensed using the tools provided by this ACT, will allow parity to be created, and help to reduce the budget. Since neither your administration, nor the Republican controlled Congress will allow any teeth to be added to this ACT, UAAD ask that in the interest of humanity and fairness, this ACT be enforced with the intent in which it should have been written. http://www.uedcinc.com/id12.html
You can contact: Walter Ellis uedcinc@aol.com,
Deadria,
My name is Walter Ellis CEO United Affirmative Action Development Corp (UAAD). We have been in negotiations with Bank One since 1995, when they merged with Premier Bank of Louisiana. See: http://www.uaadcorp.com/. Only recently were we aware of JPMorganChase Bank’s commitment to reparation. See: http://www.chasebankreparation.blogspot.com/. UAAD a 501c3 non-profit is affiliated with United Equity Development Corp (UEDC) a for-profit. We are lobbying Congress and also anticipate filing a class action suit against Chase for this and other violations. Your assistance in this complaint would be appreciated.
I can be reached at uedcinc@aol.com. March 13, 2006
Respectfully
SLAVERY, REPARATION, KATRINA, JPMorganChase Bank
This bank’s involvement in the slave trade has promised to pay reparation in the amount of $5million dollars to African Americans in the state of Louisiana. Due to red-lining and discrimination since slavery, this bank promised to commit $800billion dollars to those who suffered from discrimination. Now they not only refuse to pay those who suffered from their using slaves as collateral, but are using the $800billion dollars to commit to Caucasians, whose descendants owned slaves. See: http://www.uaadcorp.com/ / http://www.chasebankreparation.blogspot.com/
UAAD’s interpretation of Chase Banks Reparation Initiative “SMART START” March 11, 2006
JPMorganChase in 2005 made a commitment to the Louisiana Community. This commitment according to Chase officials was made due to this Banks participation in the slave trade where slaves were used as collateral. Upon asking how the fund provided to the banks Reparation is being distributed it was stated this information could be obtained on Chase’s web site. These officials were not sure how to get to the proper page. When asked how a High School Graduate could obtain the necessary application to apply for this scholarship, it was indicated that they would have to apply at the various Universities in the state of Louisiana.
The following is JPMorganChase Banks $5 million dollar Reparation commitment:
After speaking to Chase officials this date United Affirmative Action Development Corp (UAAD) officials met with officials in Grambling State Universities (GSU) Finance Department and could find no one familiar with this program. See http://uaadcorp.com/.
Chase Bank’s officials were contacted in Baton Rouge who administers this program. This official indicated that the program had been in place prior to Katrina, and her supervisors were trying to devise a plan to use these funds for the Katrina victims and had not yet notified her of how the funds were going to be dispersed.
UAAD filed several complaints regarding matters where Chase Bank fail to meet the needs of the African American Community. Under 12CFR25.43 such complaints should be entered in each and every branch in the state of Louisiana where Chase Bank operates. After speaking to Mr. David Lewis the Community Affairs official for the Office of the Comptroller of the Currency, UAAD have asked that this and other complaints be entered in the Chase Bank’s branch’s public file.
A CRA Proposal From UNITED EQUITY DEVELOPMENT CORP (UEDC) To All Banks The State of Louisiana for Hurricane
KATRINA Recovery. May 4, 2006
UEDC an affiliate of UNITED AFFIRMATIVE ACTION DEVELOPMENT CORP (UAAD) a 501c3 non-profit propose to create a coalition of small and large banks in the state of Louisiana in order to provide low, moderate-income individual and small businesses to include African Americans (AA) the necessary funding in order to recover from KATRINA, and its aftermath.
The suggestions of the COMMUNITY RE-INVESTMENT ACT of 1977 (CRA) is that banks commit at least 10 percent of their assets toward CRA activities. These set asides can be in the form of low interest loans, or contributions.
CRA a part of the civil rights legislation of 1977 was created due to predatory lending, red-lining and discrimination on the part of our nation’s banks.
see: http://www.uaadcorp.com/ / http://www.chaseuedcaffinity.blogspot.com/
http://www.chasebankreparation.blogspot.com/
UAAD/UEDC will organize a coalition of banks, community organizations, in order to benefit the Hurricane victims. Such a coalition will benefit the banks, low, moderate-income to include AA. / http://www.bankwhileblack.com/
Although UAAD/UEDC has in excess of 20 years involvement in CRA, we are aware that the success of accomplishing our goals we will need a commitment from our nation’s banks, FDIC, Office of the Comptroller of the Currency (OCC) and as many community organizations that will join with us in order to assist the KATRINA victims and others. Our nation’s banks have in excess of $4.2 trillion dollars in CRA commitments. If the CRA ACT has any significance or purpose, now is the time for it to be implemented. See: http://www.uedcinc.com/
UEDC would like for those receiving the above document to review and comment. We are meeting with a local bank’s CRA official here in Ruston, LA to present this proposal. We propose a 5 year commitment of 10 percent of assets to be administered by UAAD and other established community organizations. We will be negotiating for UAAD and the coalition to receive 2 percent in advance to administer these programs.
See: http://www.uaadcrahbuc.blogspot.com/
WE anticipate your in-put and participation.
UEDC will ask small banks to contribute administration assistance in lieu of cash contributions. Such contributions will be in the form of business consultation, serving on community loan committees, teaching CRA and banking in HBUC’s etc. Larger banks will be asked to contribute at least 10 percent of their assets toward these proposed projects for the next 5 years. We believe the FDIC/OCC will consider this proposal to be practical and meet the requirements of the bank(s) obligation to meet prudent banking practices as required under the Community Re-Investment Act of 1977 (CRA).
There is no crime when “BLACKS” are the victim, according to the FDIC!
It is the opinion of many that JPMorganChase Bank is probably guilty of violations under the “RICO” Act, due to their constant and consistent reenacting various violations of our members’ human rights, disallowing economic parity, discrimination in hiring and fair lending practices, and
Committing those acts from their founding days until the present. Our complaint which probably will not be addressed by government agencies or these institutions will probably have to be brought to Amnesty International or the appropriate agency of the United Nations (UN). A class action suit should be brought with all civil rights organizations joining in with UAAD/UEDC on behalf of our members (millions) of low income, African Americans to influence Chase Bank and other institutions to pay in stock in order that such can be distributed to our members who have suffered from red-lining discrimination practiced by these institutions
Bush, Congress, FDIC should insist that banks use CRA/Reparation funds for KATRINA Victims!!
In 2004 JPMorganChase apologized for the banks involvement in the Slave Trade, and stated they would commit $5 million dollars to a scholarship fund for African American High School Students. This became another broken promise. (see:
http://www.chasebankreparation.blogspot.com/ http://academic.udayton.edu/race/02rights/repara30.htm
http://www.finalcall.com/artman/publish/article_1797.shtml
Chase and other banks should commit their entire CRA, Community Partnership, funds to those individuals the CRA Act was intended, African Americans, other minorities and the low income, who are yet suffering due to most banks discriminatory practices. Such a commitment will provide needed funds to assist the hurricane, the homeless and other victims CRA intended to assist. Congress should be lobbied, insisting that our regulatory agencies protect the rights of African Americans and other minorities as they do Caucasians. They need to assist these minorities in reaching Economic Parity, and to live the American dream, of freedom and justice for “All”.
Ms. Jee, Mr. Lewis OCC Officials please see that this and all complaints are entered in Chase Bank Branches nation wide for Public View under 12CFR43.25, complaint #617-354 of the CRA regulation.
We are also awaiting a determination from your office on JPMorganChase Banks authority to cease UAAD officials from entering and inspecting their public files for complaints under 12CFR43.25 of the CRA regulations
Mr. Mark Willis VP Community Partnership JPMorganChase Bank please enter this and all complaints in Chase Bank Branches nation wide for Public View under 12CFR43.25, complaint #617-354 of the CRA regulation.
We are also awaiting a determination from your office on JPMorganChase Banks authority to cease UAAD officials from entering and inspecting their public files for complaints under 12CFR43.25 of the CRA regulations
United Affirmative Action Development Corporation (UAAD) a 5013c non-profit and United Equity Development Corporation (UEDC) a for-profit Community organization whose principle goals are to provide an instrument beneficial to both the bank and the community it serves, a means to allow our members an entry into this financial institution, and at the same time allowing the bank to fill its obligation of safe and sound banking practices.
As stated by Hugh B. Price than President of the National Urban League, “most people who live outside of Washington DC have probably never heard of the Community Reinvestment Act. Yet though unsung, the CRA is one of the most important pieces of civil rights legislation Congress has ever passed. He went on to say “Congress passed the Community reinvestment Act in 1977 in response to clear evidence of the noxious effects of “redlining” – the systematic refusal of lenders to provide loans to businesses, homeowners and prospective home buyers in particular neighborhoods, especially those which were predominantly Black or Hispanic.”
Comptroller of the Currency
Administer of National Banks
Ms. Delora Jee, Deputy Comptroller
250 E. SW
Washington, DC 20219
Re: Complaint # 617-354
Ms. Jee,
My name is Walter Ellis CEO of United Affirmative Action Development Corp (UAAD) a 501c3 non profit, negotiating a CRA agreement with JPMorganChase Bank. On 02/27/06 I spoke to you by phone from Congressman Conley’s office. The question was regarding JPmorganChase Bank’s adherence to 12CFR43.25 regarding disclosure of branches public files. You stated that though they do not have to provide their two year CRA activities as a small bank is required, they are required to have available in each branch any and all complaints filed. These complaints must be made available to 501c3 organizations, and the public. The OCC supervisor Ms. Sharon Gilstrap advised me on several occasions that such complaints should be made available to organizations and the public.
On April 4, 2006 I met with JPMorganChase Bank officials and Mr. David Lewis the Community Affairs Officer for the OCC whose region covers Louisiana. Mr. Lewis assured me that such complaints would be made available. I later received a letter from JPMorganChase Bank that I could not enter “any” JPMorganChase Bank branch, due to my complaints.
On May 04, 2006 I spoke to Mr. David Lewis regarding this complaint. Mr. Lewis stated that the bank could not bar me from entering their branches. Mr. Lewis stated also that he would investigate my complaint and would get back in touch with me the first of the week. It is now May 13, 2006 and Mr. Lewis has not returned my call.
This date I received a letter Debra Baker OCC Service Manager, (attached). This letter appeared to be a smoke screen on the part of your agency that intentionally would not address the issue of the banks responsibility of posting complaints in their public file as you and Ms. Gilstrap stated they were required.
The reason for this smoke screen on behalf of your agency in my opinion is two-fold:
Your agency does not want to investigate JPMorganChase Bank because you state it is a conflict of interest on your part.
If your statement on 2/2706 is a true statement that complaints be in the public files, and Ms. Gilstrap stating on several occasions that this is the case, than it is apparent that the letter I received this date from Ms. Baker is a smoke screen created by your agency, see:
http://www.uaadcorp.com/ , and click on “Federal Agencies and Banks Collaborate”,
http://www.uaadcra.blogspot.com/
Ms. Jee I would like a reply from your office as soon as possible. If my complaint is legit, it is another example of why when African Americans complain, they need to hire an attorney according to Ms. Baker, and when Caucasians complain Federal Agencies investigate and prosecute.
Respectfully,
Walter L. Ellis, CEO UAAD
uedcinc@aol.com
It appears that Chase Bank on their web site regarding their Community Partnership Program is assumed to take the place of their CRA program. CRA is mandated by the CRA act of 1977 to address the red-lining and discrimination practiced by the banks. It appears that Chase after its various mergers and is regulated by CRA is now forming a related department that may or may not meet the requirements of CRA. See previous complaint: http://www.federalreserve.gov/events/publicmeeting/19980813/panel16.htm
August 24, 1999 United Equity Development Corporation (UEDC) attempted to negotiate an Affinity Visa Credit Card agreement with FIRST USA PARTNERS, a division of Bank One, at a low interest rate for African Americans and those who have been unrepresented by banks.
April 28, 2006 UAAD negotiated with JPMorganChase Bank an Affinity Credit Card Agreement. See: http://www.chaseuedcaffinity.blogspot.com/
Memo of conversation with Chase Bank officials (9/23/05)
This pm I contacted Ms. Gloria Reynolds via phone (214)651-8189 regarding a request to enter into negotiations under the COMMUNITY RE-INVESTMENT ACT of 1977 (CRA) in order to address the needs of low income, moderate income individuals, and especially those suffering from the hurricanes.
Ms. Reynolds first stated the bank do not have any special programs regarding these victims, other than an employee contribution within Chase Bank. She did advise that if special type loans were needed for individuals such as me or victims of the hurricane, I would have to speak to the bank’s Shreveport, LA. Office with Charlita Coleman. Ms. Reynolds stated she would give me a “yes or no” answer regarding my request that had gone from their New Orleans office to Chicago IL., than back to New Orleans, than to Dallas, TX. This request, a part of which is on www.unitedaffirmativeactiondevelopment.com web site which I believe clearly indicates the request of UAAD to enter into a CRA agreement to address the present and past red-lining and discriminatory practices of Chase Bank/ Bank One. When asked if she, Ms. Reynolds, was the proper official to discuss this matter with, she indicated she was and later gave a confusing answer as to what her position would entail. In a later phone conversation, Ms. Reynolds indicated she would review my request on the web site and make an attempt to give me an answer this p.m. When I indicated to Ms. Reynolds that Ms Coleman had advised that I would have to talk to a no named official in their New York office, Ms. Reynolds stated she would be doing so, but had not yet determined who that official would be at this time.
While speaking to Ms. Coleman, and asking her what programs Chase provide for low, moderate income individuals under CRA regulations, she fumbled through several, but none provided directly by Chase Bank. Ms. Coleman did state that if my non-profit organization was involved in HUD housing development, and we could show that involvement, the bank would entertain a partnership program if our organization met their requirements. I asked Ms. Coleman to e-mail me the Bank’s requirements. Ms. Coleman stated I would have to first fax or e-mail her my qualifications. What I am suggesting by repeating these conversations is that these individuals both Ms. Reynolds, Ms. Coleman, Mr. Scott and others are employed by Chase/Bank One to block organizations such as UAAD/UEDC from entering into any worthwhile agreement as regulated by the FDIC/OCC under the CRA Act. Walter L. Ellis CEO UAAD/UEDC
Ms. Reynolds (September 27, 2005)
I received your email dated 9/26/05 and your bank’s most recent performance evaluation for Bank One (all 274 pages).
On a separate note I asked whom I would speak to or could meet with in order to discuss a CRA agreement with Chase Bank/Bank One. Your reply was that individual who at the time of our conversation you were unable to identify, would be in your Chase Bank, New York office. You stated it would be the following week before you could contact that individual. You also stated you would pass on that information when you contacted him or her. I also asked what your position with the bank was and if you were a CRA official capable of discussing an agreement and you again stated that person is in the New York office.
You didn’t give me your position with the bank and I would appreciate knowing what your title is in the event UAAD may enter into an agreement with Chase Bank as you related that there were other opportunities offered by your bank to assist community organizations such as UAAD, a 501c3 non-profit.
I asked that you review our web site in order for you to understand that Bank One when it purchased Premier Bank, UAAD was invited by Premier to assist in enhancing its CRA programs. Bank One CRA officials also discussed agreements with UAAD, verbally and in writing. After the merger was finalized UAAD filed a complaint with the FDIC and OCC due to the bad faith negotiations on the part of Bank One. (documents are available)
So I say to you, Ms Reynolds that I strongly object that you would accuse UAAD or me of making false accusations regarding Chase Bank being involved in discriminatory practice, but according to Premier and Bank One officials, they clearly stated that their banks were guilty of both red-lining and discriminatory practices. There may come a time when these charges can be brought out for Congress, the courts and the public to review. I personally do not need your web address in order to find the nearest Chase Bank, I’m aware of Chase Banks lending practice to African Americans, in particular, and believe that our CRA proposal will assist in alleviating your bank’s present and past performance.
UAAD’s aim and goals is to assist Chase Bank in providing economic parity to “all” in the community your bank serves. Our proposal entails programs that will allow Chase Bank to enter into an agreement with benefits for the community and “Chase Bank consistent with safe and sound banking practices.
Your immediate reply would be appreciated. Sincerely, Walter L. Ellis, CEO UAAD/UEDC
Memo: Meeting with Chase Bank officials (September 29, 2005)
I met with Ms. Charlita Cloman, Vice President, and Community Partnership Mgr at Chase Bank in Shreveport, LA. The purpose of this meeting was to discuss Chase Bank’s CRA or Community Partnership or any program Chase Bank may have to assist United Affirmative Action Development Corp (UAAD) and its members in entering an agreement. Ms. Cloman indicated that she will set up a telephone conference that included Mike Scott and Gloria Reynolds since I had been speaking with them regarding negotiations for a CRA agreement. The telephone conference was implemented by Ms. Cloman. Mr. Scott spent considerable time regarding his displeasure with me making unfair statements regarding his bouncing my proposal from bank official to bank official. He also appeared upset regarding my frequent statements saying that the CRA Act also addressed the red lining of Blacks, African Americans to include low and moderate income. My explanation of using African Americans as victims of the banks wrongful act, to include Chase Bank was my belief that the Community Re-investment Act of 1977 was implemented due to the banks policy of red lining in the African American community, past and present. Mr. Scott went on to say, with Ms. Reynolds’ backing, that Chase Bank had no obligation to adhere to the Community Re-investment Act of 1977.
Upon this remark being stated in a different manner on several occasions, I advised Mr. Scott that I would reply to our conversations on UAAD’s web site and would email my reply to Chase bank officials.
Mr. David Lewis, Community Affairs Officer March 15, 2006
Office of the Comptroller of the Currencey
500 N. Akard St., Suite 1600
Dallas, TX 75201
Dear Sir,
Due to previous complaints UAAD has made against Bank One and Mr. Mizell Scott’s failure to respond, we ask that your office make this complaint official.
A recent complaint #617-354 was filed at the Houston, Texas office of the OCC.
Bank One / JPMorganChase Bank fail to allow UAAD and others to view their public files as required under 12CFR25.43.
Bank One failure to honor previous agreements entered into by UAAD.
Bank One failure to provide loan applications to minorities.
Bank One failure to disclose CRA activities.
Bank One failure to recognize African Americans as CRA recipients.
Bank One failure to provide financial assistance through their CRA activities, or Community Partnership arrangements.
Bank One JPMorganChase’s failure to include African American Community Organizations in their Community Partnership programs in a manner benefitual to the African American Community.
JPMorganChase Bank”s promise to pay $5 million dollars in reparation payment to descendants of slaves.
Mr. Lewis I ask your immediate attention to this complaint and provide me in writing how your office can assist.
JPMorganChase Bank’s commitment to “REPARATION”????????????
After making a commitment to “REPARATION” of a measly $5 million dollars, this bank’s intent is to distribute these substandard funds in a manner that it will benefit Caucasians and very little to African Americans. This is a similar manner in which Chase bank distributes its Community Partnership funds that should be meant for African Americans. See: http://www.uaadcorp.com/. This is the manner in which JPMorganChase Bank has operated since they held Slaves as collateral. JPMorganChase Bank committed $800 billion dollars in 2004 that should have been for “REPARATION”, but instead has been committed to the advancement of Caucasians. This administration and its regulatory agencies support JPMorganChase and its racist discriminatory practices. UAAD ask Move-On, Congress, to assist in ending these practices. There is no reason why these commitments by Chase and other banks in excess of $4.2 trillion dollars shouldn’t be used to assist the hurricane victims and other African Americans in need, suffering since slavery. See: http://www.bankingwhileblack.blogspot.com/
February 26, 2006
While lobbying Congress and the Office of the Comptroller of the Currency (OCC) regarding JP Morgan/Chase Bank’s non-compliance of the Community Re-Investment Act of 1977 (CRA) a Civil Rights Legislation, the following is my report;
The purpose of lobbying was to present proposals that United Affirmative Action Development Corp (UAAD) a 501c3 non-profit community organization, wished to express how funds in excess of $800 billion dollars that Chase Bank has committed towards fulfilling it’s obligation under CRA, can assist the Katrina victims.
The sooner Chase Bank makes a commitment to African Americans as it has to others, the sooner economic parity will be obtained. Chase Bank should not meet the requirements of CRA mainly because of this legislation. They should feel obligated to serve the needs of the entire community no matter of color or gender. Mr. Mizell Scott who serves as Vice President of Chase Bank’s CRA for the State of Louisiana expresses the views of Chase Bank when he has stated on more than one occasion that it is his and Chase Bank’s view that CRA was not meant for African Americans, and Chase Bank doesn’t have to adhere to UAAD’s views. Mr. Scott and other Chase Bank CRA officials also express that they are proud of Chase Bank’s CRA performance.
According to the latest CRA Performance Evaluation March 31, 2004 by OCC, in my opinion the State of Louisiana must have the worst report of all the States in which Chase Bank operates. See: www.uedcinc.com/id18.html According to the same report it is recommended by the OCC that Chase Bank should involve community organizations in order to improve their performance. See; http://www.uaadcorp.com/ for more information regarding this complaint.
Conversation today with Mr. Lewis that there is a good possibility of implementing and getting funding our proposed programs at GSU and othe HBUCs. This proposal is to establish a chair, a business center, scholarships and other educational benefits for the community.
I received a call from Mr. David Lewis who represents the OCC compliance in the southern area. His request was that I hold off my complaints, and he would assist in our organization getting the necessary funds to promote our CRA activity proposals. He indicated the HBUC's and similar programs would more than likely be supported by the OCC and banks. He basically asked if I would set aside the protest and complaints, he would probably be able to convince the bank(s) to service the needs of the community. I will be in contact with Mr. Lewis in the next few days arranging a meeting (forum) at Grambling State University between April 3-6, 2006. I would ask your assistance in arranging this forum if available. I believe this will be an opportunity to present and place worthwhile programs in the community. Your organizations assistance will help make these programs the success they deserve.
Walter L. Ellis CEO UAAD 2/28/06
The cause of poverty prior to Katrina (March 9, 2006)
CNN is doing a fair job of exposing racism and discrimination in America. United Affirmative Action Development Corp (UAAD) a 501c3 could use your and others assistance in exposing our nation’s banks predatory lending and red-lining practices which has been the major contributor to this problem. With proper exposure and investigation it is believed that banks will be persuaded to provide the necessary assistance long past due African Americans in particular. http://www.uaadcorp.com/
The discriminatory practices of regulatory and law enforcement agencies helped to create the conditions African Americans were exposed to in New Orleans in particular. When a few thousand Enron employees, the majority being Caucasian were harmed, our Justice Department spent millions of dollars and thousands of man hours protecting the interest of those in need. For the good of society all citizens should and deserve such protection. When JPMorgan Chase Bank admits to using slaves as collateral, and are allowed to continue predatory lending practices after such crimes, rather than prosecution they are protected by The FDIC and OCC. Regulations enacted under civil rights benefiting African Americans are seldom enforced.
(see: and http://www.bankwhileblack.blogspot.com/.)
March 4, 2006
Proposal to JPMorgan / Chase Bank to establish Professorships and Business Development Centers at Grambling State University (GSU), all HBUC’s and other colleges and universities in the state of Louisiana.
UAAD request a grant from Chase Bank for the following purposes:
To establish Professorships at HBUC’s in order that students become more informed of all the benefits of the banking industry.
To establish off campus a business development center. This center will benefit the community in which the bank(s) serve, and will allow for equitable distribution of banks’ community partnership or CRA funds available to low-moderate income individuals.
In order that UAAD can facilitate this request we are asking Chase Bank to support this project in the following manner:
A grant of $20,000.00 to cover cost of arranging conferences related to this proposal. To also prepare a comprehensive proposal to request funding for:
Professorships at GSU $600,000.00
Administration support $400,000.00
Building $500,000.00
$1,500,000.00
Dillard University $1,500,000.00
Southern University $1,500,000.00
Xavier University $1,500,000.00
Louisiana Tech $1,500,000.00
Univ of LA @Lafayette $1,500,000.00
Other Universities and Colleges with established
Business Development Center $1,000,000.00
Total $8,000,000.00
A plea to President Bush’s compassion March 8, 2006
Mr. President,
African Americans are concerned along with all citizens of Louisiana regarding your commitment to the hurricane victims. Our nations banks claim to have a commitment to assist low-income, moderate-income individuals that should include African Americans under civil rights legislation, meant for African Americans, a regulation named THE COMMUNITY RE-INVESTMENT ACT of 1977 (CRA). This act was implemented due to racism, red-lining and discrimination practiced by our nation’s banks since Slavery. Our nation’s banks have in their commitments in excess of $4.2 trillion dollars in their CRA commitments. See http://www.uaadcorp.com/. These funds dispersed as meant, will provide economic parity for those most in need and the intent of CRA. UAAD a 501c3 non-profit ask that you as a compassionate conservative ask The FDIC / OCC both under your control to insist that these agencies not continue their discriminatory practices in enforcing this important civil rights legislation. With the enforcement of this act as written, and a common cense approach by the FDIC / OCC funds that should be available by Chase the largest financial institution in the state of Louisiana should be made to be utilized to assist the hurricane victims that were discriminated, red-lined and treated in an unfair manner since slavery. JPMorganChase Bank recently agreed to pay reparation payments to African Americans for their despicable acts of using slaves for collateral. It appears that they are continuing similar practices with their predatory lending practices since slavery. It is apparent that these funds properly dispensed using the tools provided by this ACT, will allow parity to be created, and help to reduce the budget. Since neither your administration, nor the Republican controlled Congress will allow any teeth to be added to this ACT, UAAD ask that in the interest of humanity and fairness, this ACT be enforced with the intent in which it should have been written. http://www.uedcinc.com/id12.html
You can contact: Walter Ellis uedcinc@aol.com,
Deadria,
My name is Walter Ellis CEO United Affirmative Action Development Corp (UAAD). We have been in negotiations with Bank One since 1995, when they merged with Premier Bank of Louisiana. See: http://www.uaadcorp.com/. Only recently were we aware of JPMorganChase Bank’s commitment to reparation. See: http://www.chasebankreparation.blogspot.com/. UAAD a 501c3 non-profit is affiliated with United Equity Development Corp (UEDC) a for-profit. We are lobbying Congress and also anticipate filing a class action suit against Chase for this and other violations. Your assistance in this complaint would be appreciated.
I can be reached at uedcinc@aol.com. March 13, 2006
Respectfully
SLAVERY, REPARATION, KATRINA, JPMorganChase Bank
This bank’s involvement in the slave trade has promised to pay reparation in the amount of $5million dollars to African Americans in the state of Louisiana. Due to red-lining and discrimination since slavery, this bank promised to commit $800billion dollars to those who suffered from discrimination. Now they not only refuse to pay those who suffered from their using slaves as collateral, but are using the $800billion dollars to commit to Caucasians, whose descendants owned slaves. See: http://www.uaadcorp.com/ / http://www.chasebankreparation.blogspot.com/
UAAD’s interpretation of Chase Banks Reparation Initiative “SMART START” March 11, 2006
JPMorganChase in 2005 made a commitment to the Louisiana Community. This commitment according to Chase officials was made due to this Banks participation in the slave trade where slaves were used as collateral. Upon asking how the fund provided to the banks Reparation is being distributed it was stated this information could be obtained on Chase’s web site. These officials were not sure how to get to the proper page. When asked how a High School Graduate could obtain the necessary application to apply for this scholarship, it was indicated that they would have to apply at the various Universities in the state of Louisiana.
The following is JPMorganChase Banks $5 million dollar Reparation commitment:
After speaking to Chase officials this date United Affirmative Action Development Corp (UAAD) officials met with officials in Grambling State Universities (GSU) Finance Department and could find no one familiar with this program. See http://uaadcorp.com/.
Chase Bank’s officials were contacted in Baton Rouge who administers this program. This official indicated that the program had been in place prior to Katrina, and her supervisors were trying to devise a plan to use these funds for the Katrina victims and had not yet notified her of how the funds were going to be dispersed.
UAAD filed several complaints regarding matters where Chase Bank fail to meet the needs of the African American Community. Under 12CFR25.43 such complaints should be entered in each and every branch in the state of Louisiana where Chase Bank operates. After speaking to Mr. David Lewis the Community Affairs official for the Office of the Comptroller of the Currency, UAAD have asked that this and other complaints be entered in the Chase Bank’s branch’s public file.
A CRA Proposal From UNITED EQUITY DEVELOPMENT CORP (UEDC) To All Banks The State of Louisiana for Hurricane
KATRINA Recovery. May 4, 2006
UEDC an affiliate of UNITED AFFIRMATIVE ACTION DEVELOPMENT CORP (UAAD) a 501c3 non-profit propose to create a coalition of small and large banks in the state of Louisiana in order to provide low, moderate-income individual and small businesses to include African Americans (AA) the necessary funding in order to recover from KATRINA, and its aftermath.
The suggestions of the COMMUNITY RE-INVESTMENT ACT of 1977 (CRA) is that banks commit at least 10 percent of their assets toward CRA activities. These set asides can be in the form of low interest loans, or contributions.
CRA a part of the civil rights legislation of 1977 was created due to predatory lending, red-lining and discrimination on the part of our nation’s banks.
see: http://www.uaadcorp.com/ / http://www.chaseuedcaffinity.blogspot.com/
http://www.chasebankreparation.blogspot.com/
UAAD/UEDC will organize a coalition of banks, community organizations, in order to benefit the Hurricane victims. Such a coalition will benefit the banks, low, moderate-income to include AA. / http://www.bankwhileblack.com/
Although UAAD/UEDC has in excess of 20 years involvement in CRA, we are aware that the success of accomplishing our goals we will need a commitment from our nation’s banks, FDIC, Office of the Comptroller of the Currency (OCC) and as many community organizations that will join with us in order to assist the KATRINA victims and others. Our nation’s banks have in excess of $4.2 trillion dollars in CRA commitments. If the CRA ACT has any significance or purpose, now is the time for it to be implemented. See: http://www.uedcinc.com/
UEDC would like for those receiving the above document to review and comment. We are meeting with a local bank’s CRA official here in Ruston, LA to present this proposal. We propose a 5 year commitment of 10 percent of assets to be administered by UAAD and other established community organizations. We will be negotiating for UAAD and the coalition to receive 2 percent in advance to administer these programs.
See: http://www.uaadcrahbuc.blogspot.com/
WE anticipate your in-put and participation.
UEDC will ask small banks to contribute administration assistance in lieu of cash contributions. Such contributions will be in the form of business consultation, serving on community loan committees, teaching CRA and banking in HBUC’s etc. Larger banks will be asked to contribute at least 10 percent of their assets toward these proposed projects for the next 5 years. We believe the FDIC/OCC will consider this proposal to be practical and meet the requirements of the bank(s) obligation to meet prudent banking practices as required under the Community Re-Investment Act of 1977 (CRA).
There is no crime when “BLACKS” are the victim, according to the FDIC!
It is the opinion of many that JPMorganChase Bank is probably guilty of violations under the “RICO” Act, due to their constant and consistent reenacting various violations of our members’ human rights, disallowing economic parity, discrimination in hiring and fair lending practices, and
Committing those acts from their founding days until the present. Our complaint which probably will not be addressed by government agencies or these institutions will probably have to be brought to Amnesty International or the appropriate agency of the United Nations (UN). A class action suit should be brought with all civil rights organizations joining in with UAAD/UEDC on behalf of our members (millions) of low income, African Americans to influence Chase Bank and other institutions to pay in stock in order that such can be distributed to our members who have suffered from red-lining discrimination practiced by these institutions
Bush, Congress, FDIC should insist that banks use CRA/Reparation funds for KATRINA Victims!!
In 2004 JPMorganChase apologized for the banks involvement in the Slave Trade, and stated they would commit $5 million dollars to a scholarship fund for African American High School Students. This became another broken promise. (see:
http://www.chasebankreparation.blogspot.com/ http://academic.udayton.edu/race/02rights/repara30.htm
http://www.finalcall.com/artman/publish/article_1797.shtml
Chase and other banks should commit their entire CRA, Community Partnership, funds to those individuals the CRA Act was intended, African Americans, other minorities and the low income, who are yet suffering due to most banks discriminatory practices. Such a commitment will provide needed funds to assist the hurricane, the homeless and other victims CRA intended to assist. Congress should be lobbied, insisting that our regulatory agencies protect the rights of African Americans and other minorities as they do Caucasians. They need to assist these minorities in reaching Economic Parity, and to live the American dream, of freedom and justice for “All”.
Memorandum
Date: May 16, 2006 Meeting with Sen. Vitter’s assistant
I met with Sen. Vitter’s assistant, Brent Tippen. We discussed the complaint against Office of the Comptroller of the Currency (OCC) and the complaints against JPMorganChase Bank. He was given copies of the complaints and he indicated that he would contact the senator’s office for further action.
Our main focus of this meeting was centered on Senator Vitter’s office assisting and UAAD arranging an affiliation of all banks in Louisiana and community organizations in Louisiana to make CRA funds available to the Katrina victims. Mr. Tippen stated he would do what he could to get a statement on or about May 25th.
We would like to express our thanks to the senator’s office for taking time and expressing an interest in important matters for low and moderate income citizens in Louisiana.
We also request Mr. Tippen to request a hearing in the Senate and Congress for UAAD to address the importance of CRA to assist the Katrina victims.
We also want to address how the 4.2 trillion dollars that the banks have in their CRA, Community Partnership, and REPARATION funds can be used to assist disaster and other low, moderate income victims to include African Americans.
MILLIONS SUFFER, CHASE BANK HOLD BILLIONS of $$$ IN COMMUNITY PARTNERSHIP REPARATIONS COMMITMENTS!
Chase Bank treat Louisiana Citizens in general as they treat BLACKS!!
In 2004 JPMorganChase Bank admitted, apologized, and promised to commit $5 million toward reparation to African American high school graduates in the state of Louisiana in the form of scholarships. see: http://academic.udayton.edu/race/02rights/repara30.htm
http://www.chasebankreparation.blogspot.com/ http://www.finalcall.com/artman/publish/article_1797.shtml
JPMorganChase Bank also in 2004 under their community partnership committed $800 billion dollars to provide funding for low, moderate-income individuals that should include African Americans, see: http://www.uaadcorp.com/
Since 2004 JPMorganChase Bank has committed approximately $69 billion to foreign or predominately Caucasian organizations. These predatory, discriminatory practices were a part of Chases’ commitment to the African American Communities prior to KATRINA, after KATRINA, and presently, while many yet suffer. JPMorganChase Bank and other financial institutions are able to continue these DISCRIMINTORY practices with the support of this administration in particular. http://www.uaadcra.blogspot.com/ http://www.bankwhileblack.blogspot.com/ http://unitedaffirmativeactiondevelopment.com/id12.html
Walter L. Ellis, CEO UAAD uedcinc@aol.com http://www.moveon.com/
May 15, 2006
Chase Bank treat Louisiana Citizens in general as they treat BLACKS!!
What is the purpose of FDIC and OCC and can they help the Katrina victims?
In 1998 UAAD filed a complaint against Bank One due to bad faith negotiations, and its lack of compliance to CRA. This complaint addressed in particular its practice of discriminating against African Americans. Several other complaints have since been filed. The OCC is responsible for enforcing and listening to such complaints. Once these regulatory agencies decide to protect the citizenry as well as the bank(s), trillions of dollars will be made available to those the CRA act was intended. CRA agreements well intended for the low, moderate-income, to include African Americans will not only create economic parity, but will also help in reducing the budget, and at the same time allow the bank(s) to operate in a prudent manner as required by CRA.
See: http://www.federalreserve.gov/events/publicmeeting/19980813/panel16.htm http://www.uaadcorp.com/http://www.bankwhileblack.blogspot.com/ http://www.chasebankreparation.blogspot.com/ May 15, 2006
The discriminatory practices of regulatory and law enforcement agencies helped to create the conditions African Americans were exposed to in New Orleans in particular. When a few thousand Enron employees, the majority being Caucasian were harmed, our Justice Department spent millions of dollars and thousands of man hours protecting the interest of those in need. For the good of society all citizens should and deserve such protection. When JPMorgan Chase Bank admits to using slaves as collateral, and are allowed to continue predatory lending practices after such crimes, rather than prosecution they are protected by The FDIC and OCC. Regulations enacted under civil rights benefiting African Americans are seldom enforced.
http://unitedaffirmativeactiondevelopment.com/id12.html
REPARATION, CRA, CHASE Bank commitment = Poverty for African Americans, and all Low income in Louisiana!!!!!
The manner in which JPMorganChase Bank treat their CRA commitment, which was implemented to create economic parity among African Americans (AA) as part of the Community Re-Investment Act of 1977 Civil Rights Legislation, has created poverty, rather than parity. Recently Chase Bank made a commitment to “REPARATION”, http://www.uaadcorp.com/
see:http://www.chasebankreparation.blogspot.com/ http://www.finalcall.com/artman/publish/article_1797.shtml
and it will explain this banks’ commitment to any program that will benefit AA. If Chase Bank would commit a reasonable portion of the funds being held, such funds could help eliminate poverty, and provide needed financial aide to the low-moderate income in Louisiana. A commitment of the billions being spent to assist Caucasians could better be utilized to assist the Hurricane Victims and many others. The reasons and purpose of Congress implementing CRA was due to red-lining and decimation in the AA, and Hispanic neighborhoods. Chase Bank and other banks use CRA in a “Reverse Robin Hood” manner. See: http://www.uaadcra.blogspot.com/ May 12, 2006
April 21,2006 USA TODAY Moneyline article
JPMorgan settles IPO lawsuit
JPMorgan Chase, one of the investment banks accused of manipulating the prices of initial public offerings during the dot-com boom, agreed to settle the claims by paying a $425 million settlement. JPMorgan is the first of dozens of investment banks named in class-action lawsuits for allegedly requiring investors awarded with the lucrative shares to buy more stock after the IPO. None of the other banks named in the cases have settled yet.
See:http://www.chasebankreparation.blogspot.com/ http://www.uaadcorp.com/
There is no crime when “BLACKS” are the victim, according to the FDIC!
It is the opinion of many that JPMorganChase Bank is probably guilty of violations under the “RICO” Act, due to their constant and consistent reenacting various violations of our members’ human rights, disallowing economic parity, discrimination in hiring and fair lending practices, and committing those acts from their founding days until the present. Our complaint which probably will not be addressed by government agencies will probably have to be brought to Amnesty International or the appropriate agency of the United Nations (UN). A class action suit should be brought with all civil rights organizations joining in with UAAD/UEDC on behalf of our members (millions) of low income, African Americans to influence Chase Bank and other institutions to pay in stock in order that such can be distributed to our members who have suffered from red-lining discrimination practiced by these institutions.
http://www.bankwhileblack.blogspot.com/ http://www.uaadcra.blogspot.com/ / http://www.moveon.org/
http://www.chaseuedcaffinity.blogspot.com/
JPMorganChase Bank also will have to deal with other class action complaints due to their numerous violations of the Community Re-Investment Act (CRA).
BUSH/CHASE BANK HUMAN RIGHTS VIOLATIONS!!!!!!!!
In 2004 JPMorganChase Bank apologized for it’s involvement in the “Slave Trade”, but yet continues its predatory practices. President Clinton whose family was not accused of being involved in the “Slave Trade” did apologize on the part of America. This ‘son of a bush’ not only will not apologize for his family’s involvement, see: http://www.hst.org/index.cgi/1633. Bush instead makes matters worse by appointing “Racist” Judges, Attorney Generals, and supporting those who discriminate whenever and wherever possible. The KATRINA Victims low, moderate-income to include African Americans suffering due to the conspiracy of JPMorganChase Bank, FDIC/OCC, will continue only and if we IMPEACH Bush, who is the principle contributor. President Bush often speaks about human rights violations in China and elsewhere, but ignore his and this country’s obligation to human rights. See: http://www.outbush2005.blogspot.com/ http://www.bankwhileblack.blogspot.com/
CHASE Bank treat “African Americans”, similar to Bush’s treatment of the “TALIBAN”!!!!
The Taliban protest this administrations action, their accounts are seized and closed in this and other countries. African Americans protest JPMorganChase Bank’s predatory, discriminatory, practices in America, and believe me Chase will close your account, with the OCC/FDIC who Bush is in charge will allow such penalty.
See:http://www.uaadcorp.com/ http://www.chasebankreparation.blogspot.com/
http://www.outbush2005.blogspot.com/
Chase Bank treat Louisiana Citizens in general as they treat BLACKS!!
What is the purpose of FDIC and OCC and can they help the Katrina victims?
In 1998 UAAD filed a complaint against Bank One due to bad faith negotiations, and its lack of compliance to CRA. This complaint addressed in particular its practice of discriminating against African Americans. Several other complaints have since been filed. The OCC is responsible for enforcing and listening to such complaints. Once these regulatory agencies decide to protect the citizenry as well as the bank(s), trillions of dollars will be made available to those the CRA act was intended. CRA agreements well intended for the low, moderate-income, to include African Americans will not only create economic parity, but will also help in reducing the budget, and at the same time allow the bank(s) to operate in a prudent manner as required by CRA.
See: http://www.federalreserve.gov/events/publicmeeting/19980813/panel16.htm http://www.uaadcorp.com/http://www.bankwhileblack.blogspot.com/ http://www.chasebankreparation.blogspot.com/ May 15, 2006
The discriminatory practices of regulatory and law enforcement agencies helped to create the conditions African Americans were exposed to in New Orleans in particular. When a few thousand Enron employees, the majority being Caucasian were harmed, our Justice Department spent millions of dollars and thousands of man hours protecting the interest of those in need. For the good of society all citizens should and deserve such protection. When JPMorgan Chase Bank admits to using slaves as collateral, and are allowed to continue predatory lending practices after such crimes, rather than prosecution they are protected by The FDIC and OCC. Regulations enacted under civil rights benefiting African Americans are seldom enforced.
http://unitedaffirmativeactiondevelopment.com/id12.html
REPARATION, CRA, CHASE Bank commitment = Poverty for African Americans, and all Low income in Louisiana!!!!!
The manner in which JPMorganChase Bank treat their CRA commitment, which was implemented to create economic parity among African Americans (AA) as part of the Community Re-Investment Act of 1977 Civil Rights Legislation, has created poverty, rather than parity. Recently Chase Bank made a commitment to “REPARATION”, http://www.uaadcorp.com/
see:http://www.chasebankreparation.blogspot.com/ http://www.finalcall.com/artman/publish/article_1797.shtml
and it will explain this banks’ commitment to any program that will benefit AA. If Chase Bank would commit a reasonable portion of the funds being held, such funds could help eliminate poverty, and provide needed financial aide to the low-moderate income in Louisiana. A commitment of the billions being spent to assist Caucasians could better be utilized to assist the Hurricane Victims and many others. The reasons and purpose of Congress implementing CRA was due to red-lining and decimation in the AA, and Hispanic neighborhoods. Chase Bank and other banks use CRA in a “Reverse Robin Hood” manner. See: http://www.uaadcra.blogspot.com/ May 12, 2006
April 21,2006 USA TODAY Moneyline article
JPMorgan settles IPO lawsuit
JPMorgan Chase, one of the investment banks accused of manipulating the prices of initial public offerings during the dot-com boom, agreed to settle the claims by paying a $425 million settlement. JPMorgan is the first of dozens of investment banks named in class-action lawsuits for allegedly requiring investors awarded with the lucrative shares to buy more stock after the IPO. None of the other banks named in the cases have settled yet.
See:http://www.chasebankreparation.blogspot.com/ http://www.uaadcorp.com/
There is no crime when “BLACKS” are the victim, according to the FDIC!
It is the opinion of many that JPMorganChase Bank is probably guilty of violations under the “RICO” Act, due to their constant and consistent reenacting various violations of our members’ human rights, disallowing economic parity, discrimination in hiring and fair lending practices, and committing those acts from their founding days until the present. Our complaint which probably will not be addressed by government agencies will probably have to be brought to Amnesty International or the appropriate agency of the United Nations (UN). A class action suit should be brought with all civil rights organizations joining in with UAAD/UEDC on behalf of our members (millions) of low income, African Americans to influence Chase Bank and other institutions to pay in stock in order that such can be distributed to our members who have suffered from red-lining discrimination practiced by these institutions.
http://www.bankwhileblack.blogspot.com/ http://www.uaadcra.blogspot.com/ / http://www.moveon.org/
http://www.chaseuedcaffinity.blogspot.com/
JPMorganChase Bank also will have to deal with other class action complaints due to their numerous violations of the Community Re-Investment Act (CRA).
BUSH/CHASE BANK HUMAN RIGHTS VIOLATIONS!!!!!!!!
In 2004 JPMorganChase Bank apologized for it’s involvement in the “Slave Trade”, but yet continues its predatory practices. President Clinton whose family was not accused of being involved in the “Slave Trade” did apologize on the part of America. This ‘son of a bush’ not only will not apologize for his family’s involvement, see: http://www.hst.org/index.cgi/1633. Bush instead makes matters worse by appointing “Racist” Judges, Attorney Generals, and supporting those who discriminate whenever and wherever possible. The KATRINA Victims low, moderate-income to include African Americans suffering due to the conspiracy of JPMorganChase Bank, FDIC/OCC, will continue only and if we IMPEACH Bush, who is the principle contributor. President Bush often speaks about human rights violations in China and elsewhere, but ignore his and this country’s obligation to human rights. See: http://www.outbush2005.blogspot.com/ http://www.bankwhileblack.blogspot.com/
CHASE Bank treat “African Americans”, similar to Bush’s treatment of the “TALIBAN”!!!!
The Taliban protest this administrations action, their accounts are seized and closed in this and other countries. African Americans protest JPMorganChase Bank’s predatory, discriminatory, practices in America, and believe me Chase will close your account, with the OCC/FDIC who Bush is in charge will allow such penalty.
See:http://www.uaadcorp.com/ http://www.chasebankreparation.blogspot.com/
http://www.outbush2005.blogspot.com/
http://www.uaadcra.blogspot.com/
http://www.moveon.com/
The purpose of a forum is to discuss the following issues:
Why JPMorganChase Bank would commit a mere $5 million dollars to youths of Louisiana, and not honor such a commitment?
Why JPMorganChase Bank refuses to commit CRA, Community Partnership, Reparation, and “Smart Start of Louisiana” funds to African Americans?
(LSU a predominantly Caucasian institute was made aware of Chase Bank’s commitments to African Americans, and GSU a predominantly African American institution was not made aware by JPMorganChase Bank). http://www.uaadcorp.com/
Why JPMorganChase Bank refuses to contribute to GSU in order to establish scholarships, professorships, and other educational assistance as promised since 1996 by Bank One. (Bank One did establish an educational program at the University of Louisiana at Lafayette, LA. a predominantly Caucasian institute). This project was funded by Bank One using a proposal UAAD had previously submitted to Bank One officials for GSU and the City of Grambling, LA. See: http://www.chasebankreparation.blogspot.com/
Why JPMorgan refuses to commit the $800 billion dollars in CRA funds to African Americans who are the victims of slavery, rather than the majority of these “Reparation, Smart Start” CRA commitments to Caucasians as now practiced.
UAAD invites GSU students, GSU officials. City of Grambling officials, representatives of all HBUC’s, Civil Rights Leaders, Community Organizations representatives, http://www.moveon.com/ and others to join and make this forum successful.
In recent conversations with Mr. David Lewis who is the Community Affairs official for the Office of the Comptroller of the Currency (OCC) he stated that his agency and JPMorganChase Bank were willing to sponsor a forum in April at Grambling. This forum was to address the complaints UAAD had presented since 1996. (see: http://www.uaadcorp/, links and Blogs.
April 19, 2006
Mr. Ruben Ramos
Regional Director of Community Affairs
Southwest Region JPMorganChase Bank
Dear Sir,
UAAD is awaiting your promise to put us in touch with JPMorganChase Bank's affinity credit card department.
See: http://chaseuedcaffinity.blogspot.com/ and
http://www.co-opamerica/realmoney.com
We have GSU mass media, Recycling Black Dollars and other weekly publications waiting to announce the UEDC/Affinity Card. Within 3 years we believe this card will attract in excess of 20 million members and associates of UAAD/UEDC.
Sincerely,
Walter L. Ellis, CEO UAAD
cc: Mark Willis, Exec VP Community Affairs JPMorganChase Bank
David Lewis, Community Affairs Officer of the OCC
HOW JPMORGAN TREAT AFRICAN AMERICANS WHO COMPLAIN ABOUT THEIR DISCRIMINATORY PRACTICESUnder the Community Re-investment Act of 1977 (CRA) regulations, banks are required to provide to individuals or organizations complaints that are filed against the branch or the bank. Since 1995 I have asked and received some information as the CEO United Affirmative Action Development Corp (UAAD) while investigating their activities under CRA. In the past year the bank manager, Ms. Sanders has refused or resisted supplying such reports.
See: http://www.uaadcra.blogspot.com/
http://www.uaadcorp.com/
See the following letter:
Ms. Bridgette Sanders, CRA Mgr December 5, 2005Chase Bank400 N. Trenton StRuston, LA 71270
Ms. Sanders,This is a complaint regarding our conversation 11/25/05 whereby you indicated you would furnish United Affirmative Action Development Corp (UAAD), a 501c3 non-profit community organization, a copy of your branchÂ’s recent CRA activities. You first stated that your CRA representative would provide the documents and later stated that you were the CRA representative and the report could be picked up on Monday (11/28/05). UAAD was given a performance evaluation from the OCC, which shed little light on your branchÂ’s performance here in Ruston, LA. UAAD would appreciate a recent activity report of the Chase Bank branches here in Ruston, in order to compare with the one received prior to Bank One purchasing Premier Bank in 1996. UAAD would like to have this report by 12/6/05.As the closest CRA official of Chase Bank, I would appreciate you meeting with staff of UAAD and explain how your branch carries out its CRA obligations. A meeting sometime this week would be beneficial. Topics to be discussed at such a meeting would include how undergraduate and graduate students at Grambling State University (GSU), a HBUC, can contribute to and benefit from the bankÂ’s CRA commitments.In 1995 when the president of Premier Bank, Mr. Johnnie Maxwell, asked UAAD to assist the RustonÂ’s Banks in improving its CRA performance in order to amplify the merger with Bank One, an inspection of PremierÂ’s CRA involvement in the community showed that it excluded African Americans. UAAD would ask that you provide an updated activity report of the Ruston BranchÂ’s in order that we may discuss a satisfaction or how to improve the bankÂ’s performance in the low, moderate income, to include the African American community. Thanks for your cooperation. See our website http://www.uaadcorp.com/ to better understand our purpose and goals.Walter L. Ellis, CEO UAAD
April 4, 2006
This a memorandum of a meeting held today at Chase Bank in Ruston, LA with Chase Bank officials and Mr. David Lewis of the Office of the Comptroller of the Currency (OCC). You would have to hear a recording of this gathering to believe how a group of adults could attempt to con another intelligent human being.
Others present had their own personal agenda including Mr. Lewis of the OCC, who was more interested in protecting the interest of the bank and neglecting all interest of those Chase Bank and the OCC should protect.
Some others who were invited to express and seek assistance for UAAD’s goals apparently had their own interest at heart and presented a hindrance rather than assistance.
The purpose of this meeting was to ask me, Walter Ellis the CEO of UAAD, A 504c3 non-profit to end my complaints against Chase Bank and the OCC in order that an agreement could be negotiated to help UAAD’s associates. This meeting this date was a dismal failure. It is my intent to pursue my complaint asking Congress to hold a hearing regarding CRA and to also file a complaint with the Justice Department asking the DOJ to take action against both JP Morgan Chase Bank and OCC officials. I also ask that all past complaints be put in the public files including Ms. Sanders asking Kasandra Brown, a reporter from the Ruston Leader newspaper, Mr. Monroe Quigbly and myself to leave the premises after first offering office space and later denying same.
I ask that Mr. Lewis’ supervisor contact me and others present in order to make an official complaint against Mr. Lewis.
We also ask also for the chain of command in writing in order to file these complaints in a timely manner. Our urgency is that until and unless someone take drastic action against JP Morgan Chase Bank who refuses to allocate monies promised for their involvement in the slave trades and refusing to disclose why they can commit what should be reparation (CRA) commitments to African Americans as they do so to Caucasians as indicated in their Community Partnership proposals. UAAD has asked Bank One and now Chase Bank for the past ten years to treat African Americans as they do others. The inequality of present day treatment is little different than the treatment this and other banks treated my dad who was born into slavery. See: http://www.chasebankreparation.blogspot.com/
MEMORANDUM MEETING JPMorganChase BANK 4/4/2006
United Affirmative Action Development Corp (UAAD) was invited to a meeting the above date by Mr. David Lewis Community Affairs Officer of the Comptroller of the Currency (OCC) in order to resolve complaints UAAD had made against JPMorganChase Bank. Bank representatives present at this meeting were Mr. Ruben Rios Community Affairs officer, Mr. Mizell Scott VP CRA state of Louisiana, Ms. Charlita Cloman VP CRA of JPMorganChase Bank. Also present were Dr. Anthony Nelson Professor GSU, Mr. David Lewis Community Worker City of Ruston, LA, Mr.Monroe Yearby.
UAAD was seeking a contribution in order to organize a forum at GSU that had previously been discussed with Mr. Lewis of the OCC. That request was denied as previously explained by Mr. Lewis of the OCC. The Affinity Credit Card proposal by UAAD according to Mr. Ruben would be discussed with the proper JPMorganChase Bank official within 24 hours of this meeting. UAAD after investigating JPMorganChase Bank’s commitment to reparation asked Mr. Rios to explain how UAAD could assist in distributing the $5 million dollar scholarship commitment made by the bank. UAAD’s investigation determined that this commitment appeared to be fraudulent. There was an indication that there was some kind of deal between the OCC, and Chase Bank officials to allow Mr. David Lewis of Ruston to resolve that issue. It is not clear to me how that would work, and maybe it can be explained in order that it can be clearly publicized.
UAAD request that this memo be treated as a part of its complaint #617-354 and made a part of JPMorganChase Banks public file records that can be viewed in all JPMorganChase branches throughout their system, foreign and domestic. Additional information regarding this complaint see:
http://www.uaadcorp.com/
http://www.chasebankreparation.blogspot.com/
http://www.uaadcra.blogspot.com/
http://www.chaseuedcaffinity.blogspot.com/
Respectfully,
On April 28, 2006, I received a certified letter stating:
H. Russell Wood III
http://www.moveon.com/
The purpose of a forum is to discuss the following issues:
Why JPMorganChase Bank would commit a mere $5 million dollars to youths of Louisiana, and not honor such a commitment?
Why JPMorganChase Bank refuses to commit CRA, Community Partnership, Reparation, and “Smart Start of Louisiana” funds to African Americans?
(LSU a predominantly Caucasian institute was made aware of Chase Bank’s commitments to African Americans, and GSU a predominantly African American institution was not made aware by JPMorganChase Bank). http://www.uaadcorp.com/
Why JPMorganChase Bank refuses to contribute to GSU in order to establish scholarships, professorships, and other educational assistance as promised since 1996 by Bank One. (Bank One did establish an educational program at the University of Louisiana at Lafayette, LA. a predominantly Caucasian institute). This project was funded by Bank One using a proposal UAAD had previously submitted to Bank One officials for GSU and the City of Grambling, LA. See: http://www.chasebankreparation.blogspot.com/
Why JPMorgan refuses to commit the $800 billion dollars in CRA funds to African Americans who are the victims of slavery, rather than the majority of these “Reparation, Smart Start” CRA commitments to Caucasians as now practiced.
UAAD invites GSU students, GSU officials. City of Grambling officials, representatives of all HBUC’s, Civil Rights Leaders, Community Organizations representatives, http://www.moveon.com/ and others to join and make this forum successful.
In recent conversations with Mr. David Lewis who is the Community Affairs official for the Office of the Comptroller of the Currency (OCC) he stated that his agency and JPMorganChase Bank were willing to sponsor a forum in April at Grambling. This forum was to address the complaints UAAD had presented since 1996. (see: http://www.uaadcorp/, links and Blogs.
April 19, 2006
Mr. Ruben Ramos
Regional Director of Community Affairs
Southwest Region JPMorganChase Bank
Dear Sir,
UAAD is awaiting your promise to put us in touch with JPMorganChase Bank's affinity credit card department.
See: http://chaseuedcaffinity.blogspot.com/ and
http://www.co-opamerica/realmoney.com
We have GSU mass media, Recycling Black Dollars and other weekly publications waiting to announce the UEDC/Affinity Card. Within 3 years we believe this card will attract in excess of 20 million members and associates of UAAD/UEDC.
Sincerely,
Walter L. Ellis, CEO UAAD
cc: Mark Willis, Exec VP Community Affairs JPMorganChase Bank
David Lewis, Community Affairs Officer of the OCC
HOW JPMORGAN TREAT AFRICAN AMERICANS WHO COMPLAIN ABOUT THEIR DISCRIMINATORY PRACTICESUnder the Community Re-investment Act of 1977 (CRA) regulations, banks are required to provide to individuals or organizations complaints that are filed against the branch or the bank. Since 1995 I have asked and received some information as the CEO United Affirmative Action Development Corp (UAAD) while investigating their activities under CRA. In the past year the bank manager, Ms. Sanders has refused or resisted supplying such reports.
See: http://www.uaadcra.blogspot.com/
http://www.uaadcorp.com/
See the following letter:
Ms. Bridgette Sanders, CRA Mgr December 5, 2005Chase Bank400 N. Trenton StRuston, LA 71270
Ms. Sanders,This is a complaint regarding our conversation 11/25/05 whereby you indicated you would furnish United Affirmative Action Development Corp (UAAD), a 501c3 non-profit community organization, a copy of your branchÂ’s recent CRA activities. You first stated that your CRA representative would provide the documents and later stated that you were the CRA representative and the report could be picked up on Monday (11/28/05). UAAD was given a performance evaluation from the OCC, which shed little light on your branchÂ’s performance here in Ruston, LA. UAAD would appreciate a recent activity report of the Chase Bank branches here in Ruston, in order to compare with the one received prior to Bank One purchasing Premier Bank in 1996. UAAD would like to have this report by 12/6/05.As the closest CRA official of Chase Bank, I would appreciate you meeting with staff of UAAD and explain how your branch carries out its CRA obligations. A meeting sometime this week would be beneficial. Topics to be discussed at such a meeting would include how undergraduate and graduate students at Grambling State University (GSU), a HBUC, can contribute to and benefit from the bankÂ’s CRA commitments.In 1995 when the president of Premier Bank, Mr. Johnnie Maxwell, asked UAAD to assist the RustonÂ’s Banks in improving its CRA performance in order to amplify the merger with Bank One, an inspection of PremierÂ’s CRA involvement in the community showed that it excluded African Americans. UAAD would ask that you provide an updated activity report of the Ruston BranchÂ’s in order that we may discuss a satisfaction or how to improve the bankÂ’s performance in the low, moderate income, to include the African American community. Thanks for your cooperation. See our website http://www.uaadcorp.com/ to better understand our purpose and goals.Walter L. Ellis, CEO UAAD
April 4, 2006
This a memorandum of a meeting held today at Chase Bank in Ruston, LA with Chase Bank officials and Mr. David Lewis of the Office of the Comptroller of the Currency (OCC). You would have to hear a recording of this gathering to believe how a group of adults could attempt to con another intelligent human being.
Others present had their own personal agenda including Mr. Lewis of the OCC, who was more interested in protecting the interest of the bank and neglecting all interest of those Chase Bank and the OCC should protect.
Some others who were invited to express and seek assistance for UAAD’s goals apparently had their own interest at heart and presented a hindrance rather than assistance.
The purpose of this meeting was to ask me, Walter Ellis the CEO of UAAD, A 504c3 non-profit to end my complaints against Chase Bank and the OCC in order that an agreement could be negotiated to help UAAD’s associates. This meeting this date was a dismal failure. It is my intent to pursue my complaint asking Congress to hold a hearing regarding CRA and to also file a complaint with the Justice Department asking the DOJ to take action against both JP Morgan Chase Bank and OCC officials. I also ask that all past complaints be put in the public files including Ms. Sanders asking Kasandra Brown, a reporter from the Ruston Leader newspaper, Mr. Monroe Quigbly and myself to leave the premises after first offering office space and later denying same.
I ask that Mr. Lewis’ supervisor contact me and others present in order to make an official complaint against Mr. Lewis.
We also ask also for the chain of command in writing in order to file these complaints in a timely manner. Our urgency is that until and unless someone take drastic action against JP Morgan Chase Bank who refuses to allocate monies promised for their involvement in the slave trades and refusing to disclose why they can commit what should be reparation (CRA) commitments to African Americans as they do so to Caucasians as indicated in their Community Partnership proposals. UAAD has asked Bank One and now Chase Bank for the past ten years to treat African Americans as they do others. The inequality of present day treatment is little different than the treatment this and other banks treated my dad who was born into slavery. See: http://www.chasebankreparation.blogspot.com/
MEMORANDUM MEETING JPMorganChase BANK 4/4/2006
United Affirmative Action Development Corp (UAAD) was invited to a meeting the above date by Mr. David Lewis Community Affairs Officer of the Comptroller of the Currency (OCC) in order to resolve complaints UAAD had made against JPMorganChase Bank. Bank representatives present at this meeting were Mr. Ruben Rios Community Affairs officer, Mr. Mizell Scott VP CRA state of Louisiana, Ms. Charlita Cloman VP CRA of JPMorganChase Bank. Also present were Dr. Anthony Nelson Professor GSU, Mr. David Lewis Community Worker City of Ruston, LA, Mr.Monroe Yearby.
UAAD was seeking a contribution in order to organize a forum at GSU that had previously been discussed with Mr. Lewis of the OCC. That request was denied as previously explained by Mr. Lewis of the OCC. The Affinity Credit Card proposal by UAAD according to Mr. Ruben would be discussed with the proper JPMorganChase Bank official within 24 hours of this meeting. UAAD after investigating JPMorganChase Bank’s commitment to reparation asked Mr. Rios to explain how UAAD could assist in distributing the $5 million dollar scholarship commitment made by the bank. UAAD’s investigation determined that this commitment appeared to be fraudulent. There was an indication that there was some kind of deal between the OCC, and Chase Bank officials to allow Mr. David Lewis of Ruston to resolve that issue. It is not clear to me how that would work, and maybe it can be explained in order that it can be clearly publicized.
UAAD request that this memo be treated as a part of its complaint #617-354 and made a part of JPMorganChase Banks public file records that can be viewed in all JPMorganChase branches throughout their system, foreign and domestic. Additional information regarding this complaint see:
http://www.uaadcorp.com/
http://www.chasebankreparation.blogspot.com/
http://www.uaadcra.blogspot.com/
http://www.chaseuedcaffinity.blogspot.com/
Respectfully,
On April 28, 2006, I received a certified letter stating:
H. Russell Wood III
President Northeast Louisiana District
April 27, 2006
Mr. Walter L. Ellis
315 Neal Street
Ruston, LA 71270
Re: Accounts 675247266 and 1592005308
Dear Mr. Ellis:
After your meeting with officers of our bank on April 4 where again your issues were addressed, you caused a disruption in our branch. When you opened your account, you agreed to the terms and conditions of the Deposit Account Agreement. This agreement says that the bank may close your account at any time with or without cause. We have decided it would be best to exercise that option.This is what we're going to do. '.· We are closing your accounts 10 business days from the date of this letter (the Closing Date).· Your A TM card will no longer allow you to make withdrawals, effective on the ClosingDate.· Any checks/savings withdrawals received on or after the Closing Date will be marked"Account Closed' and returned. · Any fees, claims, or other amounts owed will be deducted from your accounts. · Any balance remaining in the accounts will be sent to you within five business days after the Closing Date.Here's what you need to do. .You should stop writing checks/savings withdrawals on this account right away.· If your account is overdrawn, please make a deposit of cash or certified funds immediately.· You should stop using any debit cards or A TM cards associated with this account anddestroy them immediately.· You should make arrangements to redirect all direct deposits and automatic drafts as soon aspossible.We do not make decisions to close customer accounts lightly. However, your repeated disruptive behavior in our branches has upset our employees and interfered with serving our other customers.We request that you refrain from entering our branches in the future and that you stop e-mailing our employees. Your e-mails contain offensive language that our employees should not have to endure.Chase has made every effort to respond to your requests for information by providing you with our CRA Public Evaluation, HMDA and CRA disclosure reports, comments in our public file and applications for small business loans and grants. We have met with you a number of times to discuss your concerns, most recently on April 4, and nothing fruitful has come out of these meetings. We do not see any benefit in prolonging this discourse.Sincerely,H. Russell Wood,III President
ChaseNortheast Louisiana District
I contacted:
Mr. Ruben Ramos, Regional Director of Community Affairs, JPMorganChase Bank and spoke with Terry;
Ms Dietrick's office and spoke with Maria;
Both offices stated that they could not be of assistance.
Closing my personal and business accounts creates a financial burden on myself, family and organizations I represent. It is my belief that this is another fraudulent manner in which JPMorganChase Bank operates in regards to African Americans.
See:
http://www.chasebankreparation.blogspot.com/
http://www.uaadcorp.com/
http://www.bankwhileblack.blogspot.com/
http://www.uaadcra.blogspot.com/
See recent fraudulent lawsuits against Chase and additional memorandums upon request.
cc: David Lewis, OCC – complaint #617-354
Anne Deitrick, Chase Bank
Ruben Ramos, Chase Bank
Dept of Justice
Black Caucus
UAAD Board
News Media
Sen. David Vitter
President Bush
Walter Ellis, CEO UAAD
Attorney Nancy Langworthy
U.S Department of Justice
Civil Rights Division
950 Pennsylvania Ave, N.W.
Washington, D.C. 20530
(202)514-4751
(202)616-8925
Ms. Langworthy,
Thanks for speaking to me on June 5, 2006 regarding the complaint (s) I was expressing relating to JPMorganChase Bank being in violation of CRA/OCC regulations, and possibly Fraud due to Reparation commitments in the state of Louisiana. I expressed to you the necessity to rectify these problems. Earlier in our conversation you stated you would review my concerns, contact the Assistant Attorney General and get back in touch this date. On the return call you stated you had explained my concerns to the Attorney General and his determination was that your department had no jurisdiction regarding my complaints, and you had no one that you could refer me to resolve the matter. See: http://unitedaffirmativeactiondevelopment.com/id12.html.
http://www.chasebankreparation.blogspot.com/
http://academic.udayton.edu/race/02rights/repara30.htm
http://www.finalcall.com/artman/publish/article_1797.shtml
UAAD/CRA Complaint Regarding:
SLAVERY/Appeasement/Disregard of African Americans, and the need for REPARATION (JPMorganChase Bank)
May 17, 2006 United Affirmative Action Development Corp (UAAD) after a ten year study of banks that link JPMorganChase Bank to the Slave Trade, (see: http://www.finalcall.com/artman/publish/article_1797.shtml), and numerous complaints regarding this bank and its predecessors, (see: http://www.uaadcorp.com/), UAAD felt compelled to file an additional complaint this date.
In 1996 Bank One purchased Premier Bank of Louisiana. Premiere Bank had poor CRA ratings in its relationship to African Americans. Premier Bank made some attempt to appease African Americans. After the merger with Bank One, this bank began treating both Black and Whites in a manner not meeting the standards of the Community Re-Investment Act of 1977, Civil Rights legislation. In 1998 UAAD filed (see: http://www.federalreserve.gov/events/publicmeeting/19980813/panel16.htm) with the FDIC/OCC due to Bank One’s bad faith negotiations on a CRA agreement.
The CRA Act was implemented by Congress in 1977 as part of Civil Rights legislation, due to red-lining and discriminatory banking practices in African American and Hispanic neighbor hoods in particular. JPMorganChase Bank made a commitment of $800 billion dollars toward their CRA activities for a ten year period beginning in the year 2004. This bank state in its Community Partnership proposal (see: http://www.jpmorganchase.com/cm/cs?pagename=Templates/Page/JPMC_CacheHome&cid=8014123), that it has spent $69 billion since that commitment. (Mostly to organizations other than African American). Now in the year 2006 this bank’s commitment to African Americans and others are less than Premier Banks appeased commitment. In 2004 JPMorganChase apologized for the banks involvement in the Slave Trade, and stated they would commit $5 million dollars to a scholarship fund for African American High School Students. This became another broken promise. http://www.chasebankreparation.blogspot.com/ ,
UAAD contend that Chase and other banks should commit their entire CRA, Community Partnership, funds to those individuals the CRA Act was intended, African Americans, other minorities and the low income, who are yet suffering due to most banks discriminatory practices. Such a commitment will provide needed funds to assist the hurricane, the homeless and other victims CRA intended to assist.
UAAD intend to continue lobbying Congress, insisting that our regulatory agencies protect the rights of African Americans and other minorities as they do Caucasians. They need to assist these minorities in reaching economic parity, and to live the American dream, of freedom and justice for “All”. It should not be as Bush appears to indicate “freedom and justice”. (Caucasians)? (see: http://unitedaffirmativeactiondevelopment.com/id12.html), “Feds regulate and collaborate with banks”.
UAAD intend to forward this complaint to the Justice Department to investigate this matter if the OCC/FDIC continues their delaying tactics. This is necessary in order to get assistance to the hurricane victims as soon as possible. It is time for REPARATION and Economic Parity for African Americans.
Walter L. Ellis, CEO UAAD uedcinc@aol.com 05/18/06
Memorandum
Case # 617-354
Date: May 15, 2006
RE: Conversation with David Lewis, OCC
Spoke to Mr. David Lewis this date regarding entering Chase Bank Branches nationwide to inspect complaints in public files. Mr. Lewis stated if the bank did not want me, Walter Ellis, to enter that they have that right. Mr. Lewis did agree that I could appoint someone to enter and access the complaints on my behalf. It is my intent to hire homeless individuals for this task. UAAD also request that this and all other complaints be entered in all Chase branches public files and made available for public inspection. Walter Ellis
COMPLAINT: JPMorganChase Bank / OCC (CASE#617-354)
MEMO RE: Conversation with Ms. Carol Klim (OCC)
This date spoke to Ms. Klim June 8, 2006 who stated she had a supervisory position with the OCC and was calling on behalf of Mr. David Lewis who was out of the office.
I explained to Ms. Klim my concern regarding Mr. Lewis, Ms. Jee, and Ms. Gilstrap to put in writing what I am being told on the telephone regarding JPMorganChase Bank refusal to allow inspection of their public files, and possibly not placing complaints in such files as required. I also expressed that in addition to the public files complaint, UAAD a 501c3 non profit was acting on behalf of African Americans and the NAACP in Louisiana in an apparent fraudulent scheme where JPMorganChase Bank promised $5M dollars for a scholarship fund. See: http://www.chasebankreparation.blogspot.com/
http://academic.udayton.edu/race/02rights/repara30.htm
http://brownwatch.squarespace.com/to-the-present/2005/1/25/reparations-charles-ogletree-jp-morgan-chase-official-discuss-banks-apology-for-slavery-on-npr.html
http://www.blackamericaweb.com/site.aspx/bawnews/jpmorgan
In a meeting April 4, 2006 with JPMorganChase Bank officials that was chaired by Mr. David Lewis of the OCC. A promise was made that this commitment would be resolved http://www.uedcinc.com/id12.html http://www.uaadcra.blogspot.com/
Ms. Klim stated she would discuss my concerns with Mr. Lewis, and she would get back in touch next week.
Ms. Jee, Mr. Lewis OCC Officials please see that this and all complaints are entered in Chase Bank Branches nation wide for Public View under 12CFR43.25, complaint #617-354 of the CRA regulation.
We are also awaiting a determination from your office on JPMorganChase Banks authority to cease UAAD officials from entering and inspecting their public files for complaints under 12CFR43.25 of the CRA regulations
Mr. Mark Willis VP Community Partnership JPMorganChase Bank please enter this and all complaints in Chase Bank Branches nation wide for Public View under 12CFR43.25, complaint #617-354 of the CRA regulation.
We are also awaiting a determination from your office on JPMorganChase Banks authority to cease UAAD officials from entering and inspecting their public files for complaints under 12CFR43.25 of the CRA regulations
Walter L. Ellis, CEO UAAD 866 276-2294 uedcinc@aol.com June 9, 2006
I contacted:
Mr. Ruben Ramos, Regional Director of Community Affairs, JPMorganChase Bank and spoke with Terry;
Ms Dietrick's office and spoke with Maria;
Both offices stated that they could not be of assistance.
Closing my personal and business accounts creates a financial burden on myself, family and organizations I represent. It is my belief that this is another fraudulent manner in which JPMorganChase Bank operates in regards to African Americans.
See:
http://www.chasebankreparation.blogspot.com/
http://www.uaadcorp.com/
http://www.bankwhileblack.blogspot.com/
http://www.uaadcra.blogspot.com/
See recent fraudulent lawsuits against Chase and additional memorandums upon request.
cc: David Lewis, OCC – complaint #617-354
Anne Deitrick, Chase Bank
Ruben Ramos, Chase Bank
Dept of Justice
Black Caucus
UAAD Board
News Media
Sen. David Vitter
President Bush
Walter Ellis, CEO UAAD
Attorney Nancy Langworthy
U.S Department of Justice
Civil Rights Division
950 Pennsylvania Ave, N.W.
Washington, D.C. 20530
(202)514-4751
(202)616-8925
Ms. Langworthy,
Thanks for speaking to me on June 5, 2006 regarding the complaint (s) I was expressing relating to JPMorganChase Bank being in violation of CRA/OCC regulations, and possibly Fraud due to Reparation commitments in the state of Louisiana. I expressed to you the necessity to rectify these problems. Earlier in our conversation you stated you would review my concerns, contact the Assistant Attorney General and get back in touch this date. On the return call you stated you had explained my concerns to the Attorney General and his determination was that your department had no jurisdiction regarding my complaints, and you had no one that you could refer me to resolve the matter. See: http://unitedaffirmativeactiondevelopment.com/id12.html.
http://www.chasebankreparation.blogspot.com/
http://academic.udayton.edu/race/02rights/repara30.htm
http://www.finalcall.com/artman/publish/article_1797.shtml
UAAD/CRA Complaint Regarding:
SLAVERY/Appeasement/Disregard of African Americans, and the need for REPARATION (JPMorganChase Bank)
May 17, 2006 United Affirmative Action Development Corp (UAAD) after a ten year study of banks that link JPMorganChase Bank to the Slave Trade, (see: http://www.finalcall.com/artman/publish/article_1797.shtml), and numerous complaints regarding this bank and its predecessors, (see: http://www.uaadcorp.com/), UAAD felt compelled to file an additional complaint this date.
In 1996 Bank One purchased Premier Bank of Louisiana. Premiere Bank had poor CRA ratings in its relationship to African Americans. Premier Bank made some attempt to appease African Americans. After the merger with Bank One, this bank began treating both Black and Whites in a manner not meeting the standards of the Community Re-Investment Act of 1977, Civil Rights legislation. In 1998 UAAD filed (see: http://www.federalreserve.gov/events/publicmeeting/19980813/panel16.htm) with the FDIC/OCC due to Bank One’s bad faith negotiations on a CRA agreement.
The CRA Act was implemented by Congress in 1977 as part of Civil Rights legislation, due to red-lining and discriminatory banking practices in African American and Hispanic neighbor hoods in particular. JPMorganChase Bank made a commitment of $800 billion dollars toward their CRA activities for a ten year period beginning in the year 2004. This bank state in its Community Partnership proposal (see: http://www.jpmorganchase.com/cm/cs?pagename=Templates/Page/JPMC_CacheHome&cid=8014123), that it has spent $69 billion since that commitment. (Mostly to organizations other than African American). Now in the year 2006 this bank’s commitment to African Americans and others are less than Premier Banks appeased commitment. In 2004 JPMorganChase apologized for the banks involvement in the Slave Trade, and stated they would commit $5 million dollars to a scholarship fund for African American High School Students. This became another broken promise. http://www.chasebankreparation.blogspot.com/ ,
UAAD contend that Chase and other banks should commit their entire CRA, Community Partnership, funds to those individuals the CRA Act was intended, African Americans, other minorities and the low income, who are yet suffering due to most banks discriminatory practices. Such a commitment will provide needed funds to assist the hurricane, the homeless and other victims CRA intended to assist.
UAAD intend to continue lobbying Congress, insisting that our regulatory agencies protect the rights of African Americans and other minorities as they do Caucasians. They need to assist these minorities in reaching economic parity, and to live the American dream, of freedom and justice for “All”. It should not be as Bush appears to indicate “freedom and justice”. (Caucasians)? (see: http://unitedaffirmativeactiondevelopment.com/id12.html), “Feds regulate and collaborate with banks”.
UAAD intend to forward this complaint to the Justice Department to investigate this matter if the OCC/FDIC continues their delaying tactics. This is necessary in order to get assistance to the hurricane victims as soon as possible. It is time for REPARATION and Economic Parity for African Americans.
Walter L. Ellis, CEO UAAD uedcinc@aol.com 05/18/06
Memorandum
Case # 617-354
Date: May 15, 2006
RE: Conversation with David Lewis, OCC
Spoke to Mr. David Lewis this date regarding entering Chase Bank Branches nationwide to inspect complaints in public files. Mr. Lewis stated if the bank did not want me, Walter Ellis, to enter that they have that right. Mr. Lewis did agree that I could appoint someone to enter and access the complaints on my behalf. It is my intent to hire homeless individuals for this task. UAAD also request that this and all other complaints be entered in all Chase branches public files and made available for public inspection. Walter Ellis
COMPLAINT: JPMorganChase Bank / OCC (CASE#617-354)
MEMO RE: Conversation with Ms. Carol Klim (OCC)
This date spoke to Ms. Klim June 8, 2006 who stated she had a supervisory position with the OCC and was calling on behalf of Mr. David Lewis who was out of the office.
I explained to Ms. Klim my concern regarding Mr. Lewis, Ms. Jee, and Ms. Gilstrap to put in writing what I am being told on the telephone regarding JPMorganChase Bank refusal to allow inspection of their public files, and possibly not placing complaints in such files as required. I also expressed that in addition to the public files complaint, UAAD a 501c3 non profit was acting on behalf of African Americans and the NAACP in Louisiana in an apparent fraudulent scheme where JPMorganChase Bank promised $5M dollars for a scholarship fund. See: http://www.chasebankreparation.blogspot.com/
http://academic.udayton.edu/race/02rights/repara30.htm
http://brownwatch.squarespace.com/to-the-present/2005/1/25/reparations-charles-ogletree-jp-morgan-chase-official-discuss-banks-apology-for-slavery-on-npr.html
http://www.blackamericaweb.com/site.aspx/bawnews/jpmorgan
In a meeting April 4, 2006 with JPMorganChase Bank officials that was chaired by Mr. David Lewis of the OCC. A promise was made that this commitment would be resolved http://www.uedcinc.com/id12.html http://www.uaadcra.blogspot.com/
Ms. Klim stated she would discuss my concerns with Mr. Lewis, and she would get back in touch next week.
Ms. Jee, Mr. Lewis OCC Officials please see that this and all complaints are entered in Chase Bank Branches nation wide for Public View under 12CFR43.25, complaint #617-354 of the CRA regulation.
We are also awaiting a determination from your office on JPMorganChase Banks authority to cease UAAD officials from entering and inspecting their public files for complaints under 12CFR43.25 of the CRA regulations
Mr. Mark Willis VP Community Partnership JPMorganChase Bank please enter this and all complaints in Chase Bank Branches nation wide for Public View under 12CFR43.25, complaint #617-354 of the CRA regulation.
We are also awaiting a determination from your office on JPMorganChase Banks authority to cease UAAD officials from entering and inspecting their public files for complaints under 12CFR43.25 of the CRA regulations
Walter L. Ellis, CEO UAAD 866 276-2294 uedcinc@aol.com June 9, 2006
# posted by walter @ 5:07 PM 
