New Orleans Way back in the New York Times business section in sort of a snarky article by a ProPublica report (a nonprofit NYT outsourcer) a dangerous curtain was raised on the supposedly tough negotiations between the state attorneys general and the big banks about mortgage loan modifications. Seems on an okey-doke, wink-and-a-nod, the deal …
Category: Financial Justice
Demanding Remittances be Regulated by Governments
New Orleans In December ACORN International released its study and survey of remittances entitled Past Time for Remittance Justice (www.remittancejustice.org) . The bottom line is that we demanded that banks and money transfer organizations (MTOs, i.e. Western Union and MoneyGram) reduce all charges and fees for transferring money from migrant workers and immigrant families back to …
Reckoning Coming for Home Modification Failures
New Orleans The good news is that more people are recognizing that the Administration’s HAMP program designed to achieve home mortgage modifications and prevent foreclosures has been a dismal failure. The bad news is that the Republicans are arguing that rather than fix it and actually prevent foreclosures, the program should be killed to save …