UEDC/ CRA Proposal

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



Under the Community Re-investment Act of 1977 (CRA) regulations, banks are required to provide to individuals or organizations complaints that are filed against the branch or the bank. Since 1995 I have asked and received some information as the CEO United Affirmative Action Development Corp (UAAD) while investigating their activities under CRA. In the past year the bank manager, Ms. Sanders has refused or resisted supplying such reports.
See: http://www.uaadcorp.com

See the following letter:
Ms. Bridgette Sanders, CRA Mgr December 5, 2005Chase Bank400 N. Trenton StRuston, LA 71270
Ms. Sanders,This is a complaint regarding our conversation 11/25/05 whereby you indicated you would furnish United Affirmative Action Development Corp (UAAD), a 501c3 non-profit community organization, a copy of your branch’s recent CRA activities. You first stated that your CRA representative would provide the documents and later stated that you were the CRA representative and the report could be picked up on Monday (11/28/05). UAAD was given a performance evaluation from the OCC, which shed little light on your branch’s performance here in Ruston, LA. UAAD would appreciate a recent activity report of the Chase Bank branches here in Ruston, in order to compare with the one received prior to Bank One purchasing Premier Bank in 1996. UAAD would like to have this report by 12/6/05.As the closest CRA official of Chase Bank, I would appreciate you meeting with staff of UAAD and explain how your branch carries out its CRA obligations. A meeting sometime this week would be beneficial. Topics to be discussed at such a meeting would include how undergraduate and graduate students at Grambling State University (GSU), a HBUC, can contribute to and benefit from the bank’s CRA commitments.In 1995 when the president of Premier Bank, Mr. Johnnie Maxwell, asked UAAD to assist the Ruston’s Banks in improving its CRA performance in order to amplify the merger with Bank One, an inspection of Premier’s CRA involvement in the community showed that it excluded African Americans. UAAD would ask that you provide an updated activity report of the Ruston Branch’s in order that we may discuss a satisfaction or how to improve the bank’s performance in the low, moderate income, to include the African American community. Thanks for your cooperation. See our website www.uaadcorp.com to better understand our purpose and goals.Walter L. EllisCEO UAAD
On April 4, 2006 a meeting was held at Chase Bank, Main branch in Ruston to attempt to resolve complaints made by UAAD against Chase. This meeting was arranged by Mr. David Lewis, Community Affairs Official of the Federal Office of the Comptroller of the Currencey (OCC) and three (3) Chase Bank officials at this branch.
On April 28, 2006, I received a certified letter stating:
H. Russell Wood III
City President
Northeast Louisiana District

April 27, 2006
Mr. Walter L. Ellis 315 Neal Street Ruston, LA 71270
Re: Accounts 675247266 and 1592005308
Dear Mr. Ellis:
After your meeting with officers of our bank on April 4 where again your issues were addressed, you caused a disruption in our branch. When you opened your account, you agreed to the terms and conditions of the Deposit Account Agreement. This agreement says that the bank may close your account at any time with or without cause. We have decided it would be best to exercise that option.
This is what we're going to do. '.
· We are closing your accounts 10 business days from the date of this letter (the Closing Date).
· Your A TM card will no longer allow you to make withdrawals, effective on the Closing
· Any checks/savings withdrawals received on or after the Closing Date will be marked
"Account Closed' and returned. · Any fees, claims, or other amounts owed will be deducted from your accounts. · Any balance remaining in the accounts will be sent to you within five business days after the Closing Date.
Here's what you need to do. .
You should stop writing checks/savings withdrawals on this account right away.
· If your account is overdrawn, please make a deposit of cash or certified funds immediately.
· You should stop using any debit cards or A TM cards associated with this account and
destroy them immediately.
· You should make arrangements to redirect all direct deposits and automatic drafts as soon as
We do not make decisions to close customer accounts lightly. However, your repeated disruptive behavior in our branches has upset our employees and interfered with serving our other customers.
We request that you refrain from entering our branches in the future and that you stop e-mailing our employees. Your e-mails contain offensive language that our employees should not have to endure.
Chase has made every effort to respond to your requests for information by providing you with our CRA Public Evaluation, HMDA and CRA disclosure reports, comments in our public file and applications for small business loans and grants. We have met with you a number of times to discuss your concerns, most recently on April 4, and nothing fruitful has come out of these meetings. We do not see any benefit in prolonging this discourse.
H. Russell Wood, III
Northeast Louisiana District
I contacted:
Mr. Ruben Ramos, Regional Director of Community Affairs, JPMorganChase Bank and spoke with Terry;
Ms Dietrick's office and spoke with Maria;
Both offices stated that they could not be of assistance.
Closing my personal and business accounts creates a financial burden on myself, family and organizations I represent. It is my belief that this is another fraudulent manner in which JPMorganChase Bank operates in regards to African Americans.
See recent fraudulent lawsuits against Chaseand additional memorandums upon request.
cc: David Lewis, OCC - complaint #617354
Anne Deitrick, Chase Bank
Ruben Ramos, Chase Bank
Dept of Justice
Black Caucus
UAAD Board
News Media
Sen. David Vitter
President Bush


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