Take action to tell banks to stop profiting off of the suffering of
families!
[ [link removed] ]Citizen Bank
We are winning, let's keep the momentum going!
[ [link removed] ]take action
[ [link removed] ]Take Action
Dear Friend,
Over the past few weeks and months, we’ve seen the heartbreaking photos of
families being kept in inhumane conditions by the Trump Administration’s
horrific policies. MomsRising members have swung into action -- holding
protests in their communities, urging our legislators to take action, and
also using our consumer voices to make sure our banks do not profit from
the suffering of families.
And we are making a tremendous difference! Working with the powerful
Families Belong Together coalition, we won the commitment of JPMorgan
Chase, Wells Fargo, Bank of America, SunTrust, BNP Paribas, Fifth Third
Bancorp, Barclays, and PNC to end financing of private prisons, where the
majority of people in immigration custody are detained. These eight bank
commitments represent an estimated 87.4% of the credit and term loans
available to private prison companies, CoreCivic and Geo Group! [1,2] This
is huge!
Let’s keep up our MOMentum by getting more banks to stop financing private
prisons!
[ [link removed] ]*Sign now to say NO to Citizens Bank, Regions, First Tennessee Bank,
Synovus Bank, Pinnacle Bank, and other banks, profiting from the suffering
of families!
Why is this important?
Private for-profit prisons are a key component of President Trump’s plan
to incarcerate immigrant families, and are also part of the system of mass
incarceration that has particularly devastated communities of color. More
than 70% of immigrants in immigration custody are in private prisons. [3]
Private prison companies, like CoreCivic and GEO Group, two of the largest
for-profit prison and detention corporations, depend on financing from
banks to conduct their day-to-day business operations, build new
facilities and acquire smaller companies. [4]
Eight major banks have committed to stop financing the private prison
industry. It’s time for Citizens Bank, Regions, First Tennessee Bank,
Synovus Bank, Pinnacle Bank, and other banks to commit to ending financing
of private prisons too. A 2019 analysis of GEO Group and CoreCivic’s
Securities and Exchange Commission (SEC) 2018 filings show that Citizens
Bank, Regions, First Tennessee Bank, Synovus Bank, Pinnacle Bank, and
other banks have had a role in financing one or more private prison
companies. [ [link removed] ] In doing so, Citizens Bank, Regions, First Tennessee Bank,
Synovus Bank, Pinnacle Bank, and other banks are profiting from mass
incarceration and the criminalization of immigration. [ [link removed] ]
[5]Tell Citizens Bank, Regions, First Tennessee Bank, Synovus Bank,
Pinnacle Bank, and other banks, to stop financing private prisons!
Most parents would do anything to make sure their children have a safe,
free, and healthy life, but across our country, parents have been cruelly
separated from their children and held in private prisons where they are
unable to care for, or often even see their children. Moreover, many
private prisons have documented histories of inadequate medical care and
human rights abuses and are part of the system of mass incarceration that
has particularly devastated communities of color. [ [link removed] ]
[6]Together we can stop this!
The consumer voices of moms are powerful! We have already made a big
difference; because of your actions, bank after bank has committed to stop
financing private prisons. But our work isn’t done.
There can be no business in incarcerating families! It’s time for Citizens
Bank, Regions, First Tennessee Bank, Synovus Bank, Pinnacle Bank, and
other banks to stop financing private prisons!
YOUR VOICE IS POWERFUL!
[7]Join us in demanding that Citizens Bank, Regions, First Tennessee Bank,
Synovus Bank, Pinnacle Bank, and other banks stop financing private
prisons!
Together we can win the fight to end funding for private prisons and
secure a brighter future for all children and families.
Thank you for all you do!
- Nadia, Xochitl, Nina, Linda, Donna, Kristin, and the entire MomsRising /
MamásconPoder team.
[1][2][ [link removed] ]Private Prisons Now Face 87.4% Financing Gap as Banks Continue to
Flee Industry. [ [link removed] ]GEO Group Running Out of Banks as 100% of Known Banking
Partners Say ‘No’ to the Private Prison Sector.
[3] [ [link removed] ]For Private Prisons, Detaining Immigrants Is Big Business.
[4] [ [link removed] ]Who is Profiting from Incarcerating Immigrant Families?
[5][6] [ [link removed] ]The Wall Street Banks Still Financing Private Prisons.
[7] [ [link removed] ]Shutting down the profiteers: Why and how the Department of
Homeland Security should stop using private prisons, [ [link removed] ]Code Red The
Fatal Consequences of Dangerously Substandard Medical Care in Immigration
[ [link removed] ]Detention.
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