Dear Wells Fargo and JPMorgan Chase,

Two of the private prison industry leaders, CoreCivic and GEO Group, depend on debt financing from banks like yours to conduct their day-to-day business operations, finance new facilities, and acquire smaller companies. [1] An analysis of U.S. Securities and Exchange Commission (SEC) filings over the past 10 years shows that Wells Fargo has played a leading role in financing these debts. [2] In doing so, Wells Fargo is complicit in and profiting from mass incarceration and the criminalization of immigration. We demand that you stop financing CoreCivic and GEO Group. [3,4]

It is inconsistent with your claims to respect for human rights to continue to finance GEO Group and CoreCivic, the biggest operators of private prisons and immigrant detention centers. [1,2,3,4] We’re not afraid to align our money with our values and urge you to as well. We pledge to break up with Wells and Chase and switch to banks that actually respect our communities if this financing continues. #RealMoneyMoves

Sincerely,

— [1] https://news.littlesis.org/2018/06/21/who-is-profiting-from-incarcerating-immigrant-families/ [2] https://www.inthepublicinterest.org/wp-content/uploads/ITPI_BanksPrivatePrisonCompanies_Nov2016.pdf [3] https://www.inthepublicinterest.org/wp-content/uploads/ITPI_JPMorganPrivatePrisons_FactSheet_Jan2017.pdf [4] https://populardemocracy.org/bankrollingoppression
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Sign on above to urge the CEOs of Wells Fargo and JPMorgan Chase to Break Up with Private Prisons, or We'll Break Up With our Banks!

#RealMoneyMoves

Be sure to join us on February 14th at bank petition deliveries in San Francisco, New York, Portland, and more!