Nine Banks and Counting
In a win for investors, activists, and the immigrant community, which have collectively put pressure on banks to stop financing the private prison industry, several major banks have publicly committed to cut lending activity to private prisons!
Boston Common, in a coalition led by the Interfaith Center on Corporate Responsibility (ICCR), is leading the dialogue with Barclays, one of the latest banks to end financing to the private prison industry. Barclays has publicly committed to let existing credit lines to private prison companies expire and will not enter into new lending agreements.
Commitments from Banks in the News
- JPMorgan Chase, US Bancorp, SunTrust, Wells Fargo
- Bank of America
- BNP Paribas
- Fifth Third
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