Group Inks Pact With JPMorgan Chase

JPMorgan Chase has entered into an agreement with National People's Action to improve its banking and credit services in minority communities and to assist local NPA organizations in resolving foreclosure issues."We are making agreements with the major banks so that when we do have trouble with a local bank we have a connection with the top guys," NPA co-chair Brenda LaBlanc said in announcing the agreement at NPA's annual conference. JPMorgan Chase has been working with the community activist group since the banking company formed a homeownership preservation office 18 months ago, and it recently conducted a loss mitigation seminar with NPA, according to executive vice president Mark Willis. "We have been together for awhile, and I think we have developed a terrific relationship," Mr. Willis said at NPA's 35th anniversary conference in Washington, where the agreement was signed.