New Orleans There are some people who spend their lives convincing folks that up is actually down. Mortgage brokers are the escape artists of the subprime lending business and after Wall Street should be at the top of the list of responsible and predatory parties in the entire meltdown. Amazingly and seemingly without a blush, …
Bank Overdraft Fees
Dauphine Island Despite the federal investments in banking now, many of the biggest seem to be accelerating predatory practices particularly around fees. During normal times working families stretching every penny to pay bills will occasionally bounce a check. Who hasn’t? Banks seem to in fact count on us bouncing some checks in order to balance …
Act Now to Really Enforce The CRA
Dauphine Island The Community Reinvestment Act (CRA) passed in 1977 occupies a lot of space in my book, Citizen Wealth, because it is both arguably the single largest legislative victory achieved by community organizations over the last generation and because it has helped millions purchase homes, one of the most dramatic creators of citizen wealth …