New Orleans I woke up to headlines indicating that the National Fair Housing Alliance has accused Minneapolis-based U.S. Bank of effectively “red lining” blight into largely African-American and Latino neighborhoods in 35 different cities in 15 metropolitan areas. Recently the alliance added New Orleans, Dallas, New Haven, and Hampton Roads, Virginia to an amended complaint …
Tag: banks
Bank Mortgage and Foreclosure Problems Won’t Go Away
New Orleans No matter how many billions banks pay to try to whitewash their devastatingly destructive behavior in milking home owner mortgages and turning homeowners every way but loose, they can’t make the mess go away. The stains and scandals are indelible and their refusal to change their culture or their standard operating practices guarantees …
Credit Card Act Shows a Win for Disclosures to Consumers
New Orleans I have to confess I have often been skeptical of programs claiming to protect consumers that trumpet transparency as a major feature of the reform. I can show the scars still from negotiations with predatory lenders and tax preparation companies, who would easily agree to full disclosure of their effective interest rates and …