UEDC/ CRA Proposal

This is a summary of complaints by UAAD pertaining to JPMorganChase Bank

11/13/2005

A request by
United Affirmative Action Development Corp (UAAD)/United Equity Development Corp
(UEDC) to: Mike Scott, Vice-President CRA (state of Louisiana) JP Morgan/Chase Bank to assist in negotiating an agreement under the Community Re-Investment Act (CRA) to partnership with Chase Bank in distributing their $800 billion 10 year commitment dated April 2004. (The following commitment can be found on pg 26 of Chase Bank Community Partnership,
“In April 2004, we expanded our proud tradition of civic leadership and support when we committed to invest $800 billion in communities across the United States over 10 years. By the end of 2004, we achieved $69 billion of this commitment. The pledge, which is the biggest ever by a financial services company, focuses on three areas crucial to American households and communities.”
UAAD/UEDC in partnership with Chase intend to assist the Bank in expending these funds with the bulk among African Americans, where they were originally intended to be contributed under the Civil Rights Act of CRA of 1977. UAAD/UEDC invite the Federal Reserve Board, FDIC, OCC, Congress, ACORN, NAACP, Urban League, NAACP Legal Defense, SCLC, Move-On.com and its contributors, and all community organizations to participate and assist in these negotiations. The final results will provide funds to rebuild the Gulf Coast and in the long run assist African Americans where ever Chase Bank operate to serve African Americans as well as others which should have been the intent of CRA a Civil Rights Act regulation of 1977. For information regarding UAAD/UEDC’s mission and purpose see: www.unitedaffirmativeactiondevelopment.com
http://www.uaadcrahbuc.blogspot.com/
http://uedcrabank.blogspot.com/
Your comments, consultation and support are welcomed. Comments can be addressed on our various blog sites. You can reach UAAD’s president and founder at uedcinc@aol.com, 866-276-2294, our mailing address 207 N. Service Rd., E PMB 150 Ruston, LA 71270.
We are in need of contributions, and are seeking grants to further this important cause to create economic parity for those most in need. We are presently negotiating with a minority bank in order to receive your contributions and are reaching out to all minority banks throughout the U.S. to assist UAAD/UEDC in advancing their and Chase Bank’s CRA activities.

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