Tag Archives: Chase

JPMorgan Chase launched a new website associating the company with Martin Luther King. But it’s planning to foreclose on Helen Bailey, a civil rights hero, in just weeks. Tell Chase to stop the foreclosure immediately.

A new Chase website honors Dr. Martin Luther King Jr. and declares: “the values he espoused are the values that JPMorgan Chase also tries to stand for around the world.”

But as the bank wraps itself in the King brand, Chase planned to kick Helen Bailey (a 78-year-old grandmother who marched for civil rights and spent her life working with disabled children) out of her house on February 15th — right in the middle of Black History Month.

Occupy Nashville is fighting back. And they know that enough publicity on Chase’s hypocrisy will embarrass the bank into letting Ms. Bailey keep her home. Nearly 50,000 Change.org members have already spoken out, and Chase moved back Ms. Bailey’s foreclosure back one month in response — more people can speak out now and stop it completely.

Click here to sign the petition demanding that Chase stop foreclosing on civil rights activist Helen Bailey.

Helen and her attorney have struggled to find any solution that would stop Chase’s drive to foreclose. When Helen asked to modify her high-interest loan, Chase refused. When Helen found another lender who’d buy the home for just $9,000 less than what Chase said the home was worth, letting her live there for free, Chase refused. When Helen found someone else who’d buy her home and let Helen rent it, Chase refused again.

This isn’t an isolated incident. A former Chase banker — James Theckston — told Nick Kristof of the New York Times that his bank repeatedly pushed dangerous subprime mortgage loans on minority borrowers, then tried to cover up the racial disparity. Now, 25% of all minority borrowers are in foreclosure or deeply behind on payments. It’s a crisis.

But it’s one of our best opportunities to fight back. You can help Occupy Nashville keep Ms. Bailey in her home, and highlight the growing movement of communities standing up to foreclosures.

Click here to sign the petition.

Thanks for being a change-maker,

Jess and the Change.org team

P.S. Ms. Bailey isn’t alone in fighting for justice in a tough economy. Can you sign these other urgent petitions from Change.org members?

Aaron Calafato and his wife say they’re paying about $1,200 per month in student loans, almost half of which goes to Key Bank. But they say they can’t get Key Bank to discuss lowering their monthly payments. Sign Aaron’s petition to Key Bank asking to renegotiate his student loans.
On February 24, Daniel Lopez is going to lose his job at a warehouse where he moves goods for Walmart day in and day out. The company is allegedly firing Daniel and other employees for filing a federal lawsuit for not paying minimum wage. Sign the petition to Walmart to stop its contractor’s retaliation against its employees.
Bobby Hull is a Vietnam-era veteran who’s fighting to save his home from foreclosure this month by US Bank. Nick Espinosa, a fellow Minneapolis resident, started a petition on Change.org to keep Bobby in his home.

~ politics petitions pollution and pop culture

Chase forecloses on Oregon soldier … Jess Kutch, Change.org

07/11/2011 Nativegrl77

Tell Chase: Don’t foreclose on soldier’s family

In one month, soldier Aaron Collette will return from Iraq for two weeks’ leave. By the time he does, he won’t have a home — and neither will his family.

Tim Collette, Aaron’s dad, did everything right. He put $100,000 down on his home in Bend, Oregon, when he purchased it in 2006.

In 2008, after the economic crisis devastated his small flooring and countertop business, Tim realized he needed a loan modification and went to Chase Bank for help.

Chase told him he had to miss two payments to qualify for a loan modification. But once Tim did that, they began foreclosure proceedings instead of helping him.

Local non-profit Economic Fairness Oregon has been helping Tim stand up to Chase, but they need a surge in public support right now to save his home. Please sign their petition to help Tim and his family keep their home.

Banks across the state — and country — are taking advantage of homeowners in Tim’s situation all the time. Economic Fairness Oregon is pushing state legislators to pass a bill that will address the housing crisis and help people like Tim stay in their homes.

In the meantime, Tim needs public support to pressure Chase to stop the foreclosure.

When news of this story broke earlier in June after Senator Merkley spoke about it on the Senate floor, Chase agreed to delay the foreclosure and told the press they’d work to find a solution for Tim and his family.

But as soon as media attention faded, Chase called Tim and rescheduled the foreclosure for August 9 — just 10 days before Aaron returns from Iraq.

Every day that this issue is not resolved Aaron has to worry about his family and where they’ll live even as he’s risking his life in Iraq.

Sign here to tell Chase that we’re still watching and urge them to honor their promise to find a solution for the Collette family:

http://www.change.org/petitions/tell-chase-bank-dont-foreclose-on-soldiers-family

Thanks for taking action,

– Jess and the Change.org team

P.S. To start your own campaign against an unjust foreclosure, just click here and follow the steps to create a Change.org petition.

~ politics petitions pollution and pop culture

Move Your Money

06/02/2010 Nativegrl77

The big banks on Wall Street — JP Morgan/Chase, Citibank, Bank of America, Wells Fargo, Goldman Sachs and Morgan Stanley — have had an incredible year, getting huge taxpayer bail-outs, making record profits and paying out multi-million dollar bonuses to their CEOs while many of them are still participating in all the highly leveraged activities that caused our housing and credit crisis in the first place.

I’d like to say the good news is that Congress is poised to pass major financial reforms later this month, so the President can sign the bill before the 4th of July. The problem is the bill they’re planning to pass isn’t good enough. Don’t take it from me. Here’s what the New York Times said about it last week:

The financial reform legislation making its way through Congress has Wall Street executives privately relieved that the bill does not do more to fundamentally change how the industry does business.

Despite the outcry from lobbyists and warnings from conservative Republicans that the legislation will choke economic growth, bankers and many analysts think that the bill approved by the Senate last week will reduce Wall Street’s profits but leave its size and power largely intact.

In other words, too big to fail banks will still be too big to fail. It’s time to take matters into our own hands. So today we’re joining the Move Your Money campaign started by the good people at The Huffington Post. Declare your independence from big banks and pledge to Move Your Money to a local community bank or credit union today.

PLEDGE TO MOVE YOUR MONEY TO A COMMUNITY BANK OR CREDIT UNION RIGHT NOW

Community banks and credit unions don’t act like the big banks. Typically, they’re more responsible in how they manage their money, they’re more closely connected to the people and businesses who live near them, and they’re more inclined to make loans they know will get paid back. And your local credit union isn’t going to ask Congress for a multi-billion dollar bail-out either. These are the qualities most people want banks to have.

The idea is simple.

To regular Americans this issue isn’t Left or Right — it just makes sense. If enough people move their money from a big bank to a smaller, more local, more traditional community bank, we can break up the big banks ourselves. By working together, we won’t have to wait for Congress make change happen.

TAKE THE PLEDGE AND FIND A CREDIT UNION OR COMMUNITY BANK NEAR YOU

We can send a message to Congress, the President and every candidate running for office that we don’t trust big banks with our money. But it’s up to us to do it.

Let’s get started right now. Thank you for everything you do.

-Charles

Charles Chamberlain, Political Director
Democracy for America