JP Morgan Chase And Private Prison Industry


Yorbing Staff Monday March 11, 2019

WNYC The Takeaway March 11, 2019

Last week, J.P. Morgan Chase, the largest bank in the United States, announced it would no longer do business with the private prison industry.

Private prisons currently house roughly 75 percent of the country’s immigrant detainees. And in recent years, entities supporting the private prison industry have been feeling the pressure of increasing public scrutiny.

To learn more about what led J.P. Morgan Chase to sever ties with the private prison industry, and whether the move signals a sea change in the divestment movement, The Takeaway spoke with Lauren-Brooke Eisen, a senior fellow at the Brennan Center for Justice at NYU School of Law and author of β€œInside Private Prisons: An American Dilemma in the Age of Mass Incarceration.”

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