Chase: $7.5 bil. in home loans past 6 years 1.9% to blacks

[live love laugh]

CHICAGO PROTESTS
Chicago Activist Ja’Mal Green Calls for Change at Chase Bank, Warns of ‘Pop-Up Protests’

The group alleges lenders in Chicago have invested more in a single white neighborhood than all the black neighborhoods combined
Published June 16, 2020

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The group called out Chase Bank and President Donald Trump, saying disproportionate lending and changes to the Community Reinvestment Act have "horribly impacted communities of color."

They allege lenders in Chicago have invested more in a single white neighborhood than all the black neighborhoods combined. The claim was first published by WBEZ on June 3, which reported Chase handed out $7.5 billion in home loans over a six-year period, but only 1.9% went to Chicago's black neighborhoods.


"Today we're saying to all those that are customers or depositors of Chase that we are fighting back and the time is now," Green said Monday as he announced plans for the protests. The coalition warned that "protests will continue unless Chase gives $1 billion in grants and $10 billion in loans." "We must now act for a form of reparations to make good," Green said.

In a statement, Chase detailed the measures the bank says it has taken in response to the claims.

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https://www.google.com/amp/s/www.nbcchicago.com/news/local/chicago-activist-jamal-green-calls-for-change-at-chase-bank-warns-of-pop-up-protests/2290004/%3famp

[sandensea]

1. Red-lining is alive and well

Trump should know: his father practically swore by housing discrimination.

[live love laugh]

3. As does his SIL Jared. nt

[sandensea]

4. The Prince of Darkness.

The way he sees it, if he has to put up with Jabba-the-Don porking Ivanka every now and then - then he's entitled to red-line, launder, racketeer, and whatever the hell else he does.

[TristanIsolde]

2. Not surprising

That is about owning new property,
but more so, African Americans were disproportionately dispossessed of their generational homes and lands through the legal machinations about Heirs Property ,Torrens Acts ...etc. Google it, it is quite shocking and sad.

The physical and economic violence the white majority has imparted on the minorities of this country is horrendous.

[live love laugh]

5. Yes and then there were the more-recent usurious predatory lending

policies. This stuff isn’t “ancient history.”