New Orleans The queue to “count coup” on Bank of America and its decision to step back from stealing debit card fees from its customers is almost unseemly. We expect it from politicians, and props to Senator Durbin, VP Joe Biden, and the rest of the DC gang for the pile-on, which in fact [...]
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Atlanta On ACORN International’s Remittance Justice Campaign (www.remittancejustice.org) we have had difficulty getting any response from the big banks except in the most cursory terms. Wells Fargo did finally reply and told us they were doing great within a small footprint of countries. Bank of America and JP Morgan/Chase were stone silent. Not surprisingly [...] subprime mortgage securitization New Orleans On ESPN’s Sportscenter during the seasons they have a feature called “Come on!” in which they feature unbelievable or bonehead plays. We need that in other fields of public life and politics. Reading about the efforts of banks like Wells Fargo and JP Morgan Chase along with the various [...] New Orleans A harrowing article in the Wall Street Journal documented the success that bottom fishing debt collection agencies are having at ripping the last pennies from working families being crushed in court over relatively small claims. I wish this were news, but of course the story is all too familiar. The big debt predator companies [...] New Orleans Part of the citizen pain that comes from subcontracting the handling of public services to private companies is the certainty that someone is making money with no accountability to anyone and absolutely no regard for the economic hardship involved for citizens. A perfect example that I am witnessing close at [...] |
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