MomsRising.org | Barclays, PNC and other banks - Stop Financing Pain For Corporate Gain!

Barclays, PNC and other banks - Stop Financing Pain For Corporate Gain!

Barclays, PNC and other banks are financing for-profit prison corporations that are profiting off the pain and suffering of families.

Sign on to urge Barclays, PNC Bank and other banks to STOP financing private prisons! #FamiliesBelongTogether #NoProfitsFromPain

Dear Barclays, PNC, and other banks financing private prisons,

The private prison industry is detaining over 70 percent of immigrants in ICE custody and is complicit in the epidemic of mass incarceration that devastates communities of color. [1] Research shows that many private prisons have documented histories of human rights abuses. [2]

Private prison companies like CoreCivic and GEO Group depend on funding from banks like yours to conduct their day-to-day business operations, finance new facilities and acquire smaller companies. [3] A 2019 analysis of GEO Group and CoreCivic’s Securities and Exchange Commission (SEC) 2018 filings, show that Barclays, PNC, and other banks have had a major role in financing private prison companies. [4] In doing so, Barclays, PNC, and other banks are complicit in and profiting from mass incarceration and the criminalization of immigration. [5] We demand that you stop financing private prisons and for-profit detention centers.

Sincerely,

[1] https://immigrantjustice.org/staff/blog/ice-released-its-most-comprehensive-immigration-detention-data-yet, https://www.nytimes.com/2018/10/01/us/prisons-immigration-detention.html
[2] https://www.aclu.org/report/shutting-down-profiteers-why-and-how-department-homeland-security-should-stop-using-private, https://populardemocracy.org/sites/default/files/20180427%20CBOH%20Digital.pdf, https://oig.justice.gov/reports/2016/e1606.pdf, https://www.hrw.org/report/2018/06/20/code-red/fatal-consequences-dangerously-substandard-medical-care-immigration, https://www.migrationpolicy.org/article/profiting-enforcement-role-private-prisons-us-immigration-detention
[3] https://moms.ly/BanksFinancingPrivatePrisons, https://news.littlesis.org/2018/06/21/who-is-profiting-from-incarcerating-immigrant-families/, https://populardemocracy.org/sites/default/files/20180427%20CBOH%20Digital.pdf, https://www.inthepublicinterest.org/wp-content/uploads/ITPI_BanksPrivatePrisonCompanies_Nov2016.pdf
[4] https://moms.ly/BanksFinancingPrivatePrisons https://www.inthepublicinterest.org/wp-content/uploads/ITPI_BanksPrivatePrisonCompanies_Nov2016.pdf
[5]
https://populardemocracy.org/sites/default/files/20180427%20CBOH%20Digital.pdf

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