Members of faith-based community groups are targeting three of the country’s biggest banks this month for what they consider is the banks’ lack of response to homeowner requests to modify mortgage payment plans.
In particular, the groups — under the New Bottom Line campaign initiated by the PICO National Network — are planning to send representatives to shareholder meetings today at Wells Fargo Bank in San Francisco, May 11 at Bank of America in Charlotte, N.C., and May 17 at JPMorgan Chase in Columbus, Ohio.
Domingo Delgallado, a board member of Contra Costa Interfaith Supporting Community Organizing and a parishioner at Holy Rosary Church in Contra Costa, Calif., told Catholic News Service that the representatives plan to ask bank officials again about their foreclosure policies and urge them to move more quickly to help troubled homeowners.
The groups also want banks to pay their fair share of taxes, especially by paying back taxes, and to stop sending jobs overseas.
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