United Auto Workers President Bob King and religious leaders say they plan to withdraw hundreds of millions of dollars from JP Morgan Chase accounts to protest the bank's refusal to agree to a two-year freeze on foreclosures in Michigan.
King, farm union leader Baldemar Velazquez and two clerics will hold a conference today at the Central United Methodist Church in Detroit to announce their campaign against the New York-based bank.
"Chase needs to help unemployed homeowners in Michigan," King said in a statement.
Organizers also are protesting the bank's ties to the tobacco company RJ Reynolds Corp., which they say has refused to negotiate with the Farm Labor Organizing Committee over wages and working conditions at farms of contract growers in North Carolina.
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