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Bank of America and JP Morgan Chase Fleeing Community in Face of More Accountability

New Orleans    Banks have become either near criminal enterprises or complete criminal enterprises.  This is no longer a matter of speculation.  This is now a documented fact with confessions made in the dock.   Even with the very minimal supervision being given big banks by regulators and the vast loopholes in any banking laws, some are [...]

Remittances Increase from USA, Progress on Disclosures, and Pushback from MTOs

New Orleans  I badly want to say that there is finally progress in the United States on remittances, which are financial transfers from immigrant families, migrant workers, and others to their families and communities back in their home countries.  The Wall Street Journal reported that the volume of money being remitted has in fact gone [...]

No-Mo’s: Stealing Homes through Foreclosure No Modification Programs in AZ and USA

New Orleans    Finally the fog is lifting around state and federal foreclosure modification programs and the real program is clear.  In the way of acronyms and abbreviations that abound in such programs like Fannie Mae and Freddie Mac, the largest of the mortgage guarantor agencies, the real program is called “No-Mo,” which stands for No [...]

Bringing Down Bank of America: Social Media or Social Movement?

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 [...]

Federal Reserve Blasts Wells Fargo with Largest Ever Fine

Maude Hurde leadin an action against Wells Fargo years ago

New Orleans I may still be under a gag order on ACORN’s final settlement with Wells Fargo, but who knows at this point and who would care now.  Wells Fargo was always about hard ball and hard bargaining, but when we moved after than [...]

Banks Silently Step up on Remittances

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 [...]