Chase and other banks holding back CRA and other commitments
Have contributed to poverty in New Orleans and other areas

While lobbying Congress and the Office of the Comptroller of the Currency (OCC) regarding JP Morgan/Chase Bank’s non-compliance of the Community Re-Investment Act of 1977 (CRA) a Civil Rights Legislation, the following is my report: The purpose of lobbying was to present proposals that United Affirmative Action Development Corp (UAAD) a 501c3 non-profit community organization, wished to express how funds in excess of $800 billion dollars that Chase Bank has committed towards fulfilling it’s obligation under CRA, can assist the Katrina victims. See: http://www.uaadcra.blogspot.com It was discovered in talking to the Republican side of the House, that if proposals to strengthen this legislation was proposed, it is likely that they will kill the CRA legislation. Therefore they believe that it will do more good if it is left intact, with little or no enforcement power. Some Democrats take the same position. I was told also that UAAD’s complaint against Chase Bank would be better served if all banks that were not in compliance with CRA were a part of this complaint. I indicated that due to Chase Bank being the largest financial institution in the State of Louisiana, and had what we believe to be a very poor rating in serving the African American Community. See: http://www.uaadcorp.com