Banking giant JPMorgan Chase has announced Tuesday it will stop financing private prisons, after a sustained grassroots campaign and increasing scrutiny over private prisons’ role in jailing immigrants. JPMorgan Chase will stop lending to GEO Group and CoreCivic. Around 75 percent of immigrants in ICE custody are in privately run facilities. Elizabeth Chavez of Make the Road New York, one of the groups campaigning for banks to break up with private prisons, said of the news, “We have marched to the bank headquarters and branches. … And we will continue to work to put the private prison industry out of business as we fight for respect and dignity for every member of our community.”