New Orleans ACORN International is hard at work right now on pulling together all of the pieces and pressure on our Remittance Justice Campaign (www.remittancejustice.org) as we try to tighten the screws on banks and money transfer organizations, but we are keeping our eyes open on our next campaign around microfinance. Melanie Craxton, a student …
Category: Financial Justice
Little Hope for Reform in Foreclosure Settlement Negotiations
New Orleans The industry spins the numbers differently each month. Foreclosures are rising, but somehow housing markets are being revived by refinancing. Little of it makes sense and often the information is contradictory, but the bottom line is that housing is still in dire straits across the country. The home mortgage modification program has been …
The Return of Lending Discrimination by Banks
New Orleans Finally there is some small notice of the fact that banks are abandoning the poor and their neighborhoods. A report from the FDIC (Federal Deposit Insurance Corporation) found that almost 1000 net branches had been lost in 2010. Certainly not surprising to anyone is that the loss has been much higher in lower …