The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
March 6, 2019

JPMorgan Chase to Stop Serving Private Prisons
----------------------------------------------

Banking giant JPMorgan Chase has announced Tuesday it will stop
financing private prisons, after a sustained grassroots campaign and
increasing scrutiny over private prisons' role in jailing immigrants.
JPMorgan Chase will stop lending to GEO Group and Core Civic. Around 75
percent of immigrants in ICE custody are in privately run facilities.
Elizabeth Chavez of Make the Road New York, one of the groups
campaigning for banks to break up with private prisons, said of the
news, "We have marched to the bank headquarters and branches. … And we
will continue to work to put the private prison industry out of business
as we fight for respect and dignity for every member of our community."


.