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A Corrupt Credit Business Model Travels to Chile and Brazil

New Orleans Cred

ODECU of Chile

it card scams are the bad penny perfected in the United States that is turning up now elsewhere in the world.   These practices are not the foul play of bad actors as predatory lenders always claim, but intrinsic elements of corrupt, exploitive business models.  The economic success stories in [...]

H&R Block, HSBC, & the end of RALs

New Orleans Refund Anticipation Loans or RALs are a product that have preyed on lower income worker families since their inception and promotion by the big tax preparers, H&R Block, Jackson-Hewitt, and Liberty, as well as smaller fry who could get access to credit.  Negotiating with these companies could get depressing when I worked [...]

ACORN International Launches Remittance Justice Campaign

Phoenix In Vancouver, Toronto, Ottawa, and Hamilton ACORN International and ACORN Canada joined today to dramatically step up the international campaign to achieve improved access and fair pricing for remittances from immigrant families and their relatives in their home countries.

Today in Toronto Kay Bisnah, President of ACORN International, also unveiled an extensive report underpinning [...]

Santa Barbara Finally Pulls Up Short

Quepos            It was an extra present under the palm tree to read in the pre-dawn that Santa Barbara Bank & Trust was being pulled out of the business of factoring RALs, predatory refund anticipation loan for Jackson & Hewitt and other companies in the viciously competitive tax services market for lower  income and working families.  [...]

Following Up On The Back Files

New Orleans Sometimes it’s worth returning to our old themes and seeing what has happened to issues we have raised consistently in the past.  We did so yesterday with Sheriff Arpaio who should serve as a rally cry for all who seek justice.  There are some other issues worth remembering briefly:

◦     Remember Tim DeChristopher [...]

Credit Card Rips

New Orleans There is a lot of talk about reforming credit card fees and rates, but a lot of this seems just that:  talk.  The House Financial Services Committee chaired by Barney Frank has talked about capping rates, but also seems powerless in the wake of many companies (including my own Union Privilege Card offered [...]

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