Dec 18, 2010

22 Arrested in LA Foreclosure Protest at Chase

Police arrest 22 people protesting foreclosures outside Chase bank offices in Los Angeles

The Associated Press
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By JACOB ADELMAN Associated Press
LOS ANGELES December 16, 2010 (AP)

 

Police arrested 22 demonstrators who blocked entry to a downtown Chase bank branch Thursday to protest what they said were unfair home foreclosures.

Alvivon Hurt smiles as she is led away, among other people who had lost their homes to foreclosure,… Expand
Alvivon Hurt smiles as she is led away, among other people who had lost their homes to foreclosure, or have been battling banks over loan modification, and their supporters, in a protest outside a Chase bank branch in downtown Los Angeles Thursday, Dec. 16, 2010. Police arrested 22 protesters who blocked the doors to the bank in acts of civil disobedience. (AP Photo/Reed Saxon) Collapse

(AP)

The demonstrators, which included homeowners facing foreclosure, community advocates and labor leaders, silently allowed officers to bind their wrists behind their backs with plastic restraints and guide them into a police van.

Dozens more demonstrators chanted and marched on a nearby sidewalk holding sighs that said “Stop Bank Greed, Save Our Neighborhoods” as the 12 men and 10 women were taken into custody.

Detective Gus Villanueva said there were no injuries to police or protesters. All the demonstrators were released by late afternoon after all but one of them received citations for trespassing, he said.

Villanueva did not immediately know why the one protester had not been cited.

Alliance of Californians for Community Empowerment member David Mazariegos said the demonstrators hoped to bring attention to the plight of people who were unjustly losing their homes.

He said banks’ failure to modify many borrowers’ loans puts them in violation of the Home Affordable Modification Program in which lenders agreed to participate as part of the bank bailout.

“The banks are not helping anyone stay in their homes,” Mazariegos said. “It’s highway robbery, what they’re doing to these people.”

ACCE director Amy Schur said the groups were singling out JPMorgan Chase & Co. because most of the borrowers whose foreclosures and evictions they are contesting are serviced by that bank.

Chase spokeswoman Eileen Leveckis disputed that the bank was denying help to distressed mortgage borrowers.

“Chase is committed to helping struggling borrowers remain in their homes,” she said in a statement, stressing that the lender had completed more than 250,000 modifications since early 2009.

Before the protesters blocked the doors leading to the Chase branch, homeowners at risk of losing their homes to foreclosure used a microphone to tell of their difficulties getting help from Chase and other banks.