Predatory Bankers Target African-Americans
A new study by the National Community Reinvestment Coalition finds that home lenders target African Americans and Latino consumers for high-interest, predatory loans, as reported in today's Washington...
View ArticlePoverty and plenty
Forbes has released its latest list of the "Richest 400" in the country. For the first time in the magazine's rankings, all on the list are billionaires. read more
View ArticleWall Street's strategy for opposing financial reform (video)
Facing South's report last week on a protest last week by the conservative group Americans for Prosperity -- which targeted the Center for Responsible lending, a champion of financial reform, as a...
View ArticleTraders give Lincoln 80% chance of winning primary, 20% of winning general
In Arkansas' closely-watched primary today for U.S. Senate, the polls and pundits are saying embattled incumbent Sen. Blanche Lincoln (D) has a big enough lead to win against labor/progressive-backed...
View ArticleThe color of foreclosure: Blacks, Latinos still losing homes at record numbers
Thanks to a certain oil spill and other attention-grabbing events, the nation's home foreclosure crisis has drifted off the news headlines. read more
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Nurses rally to heal America with Wall Street tax
Nurses will gather across the U.S. on Thursday, Sept. 1 to urge Congress to tax financial transactions and use the revenue to fund social programs desperately needed amid the ongoing economic crisis....
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Banking on Boeing
The bipartisan decision to extend the life of the Export-Import Bank of the United States -- which some conservatives have derisively dubbed "Boeing's Bank" -- shows that corporatists retain the upper...
View ArticleMexican drug cartels and the U.S. banking industry
Before its purchase by Wells Fargo, North Carolina-based Wachovia laundered over $378 billion for illegal drug organizations -- and paid just $160 million in fines. It's part of a broader and...
View ArticleGeorgia Court: Pay-Day "Rent-a-Banks" Can't Gouge Consumers
Today the excellent Center for Responsible Lending -- based here in Durham, N.C. -- announced a major court victory out of Georgia in the ongoing battle to rein in predatory bankers, especially pay-day...
View ArticleCitiFinancial's Treasure Trove for Identity Thieves
The recent spate of thefts and lost records at banks and credit companies, which have rendered millions of consumers vulnerable to fraud and identity theft, is nothing new. From Inner City Press:read more
View ArticleGeorgia Fat Cats
Here's something to mull over while paying bills or pumping $2.00-a-gallon gas: the Atlanta Journal-Constitution's list of the highest-paid Georgia CEOs in 2004 (reg req'd).read more
View ArticleThe Bankruptcy Bill and the Plastic Safety Net
With just five days until the Bankruptcy Bill goes into effect -- the measure Congress passed last spring with the votes of 18 Democratic Senators and 73 House Dems -- comes a disturbing read more
View ArticleKentucky Fried Chicken Derby?
For the first time in its 131 year history, the Kentucky Derby will have corporate sponsorship. Churchill Downs has signed a five year sponsorship deal with Louisville-based Yum Brands, owners of KFC,...
View ArticleCracking down on abusive lenders: it works
Each year, consumers lose $25 billion due to predatory mortgages, payday loans, and other lending abuses like overdraft loans, excessive credit card debt, and tax refund loans. These nefarious banking...
View ArticleOverdraft protection: bank courtesy or loan sharking?
Most banks now offer "overdraft protection," a service typically packaged as a courtesy for consumers, a little extra benefit to help you out.read more
View ArticleAs foreclosure crisis drags on, so does flawed government response
A look at the government's response as the foreclosure crisis enters its seventh year.read more
View ArticleBank of America returns to the scene of the crime
The North Carolina-based banking giant, including two companies acquired in 2008, has done so much harm in the mortgage and mortgage-backed securities markets that banishment would be the appropriate...
View ArticleINSTITUTE INDEX: Turning back the clock to predatory payday loans
North Carolina banned payday lending in 2001 over concern about usurious interest rates. But now some lawmakers want to bring back the industry, which new research finds often leads to snowballing...
View ArticleBank of America makes 'dirty dozen' list of criminal financial institutions
A watchdog group has compiled a list of banking's "dirty dozen" corporate criminals, and Charlotte, N.C.-based Bank of America makes the cut with billions paid out in penalties and settlements for...
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