Little Rock People can read the reports of banks cutting back on small business lending, nod, and say, but, hey, I don’t have a small business. Others can understand that banks make even fewer small personal loans and have surrendered that market to payday lenders and other predatory shysters, and say, hey, it will never …
Tag: predatory lending
ACORN Demands the Bank of Montreal Stop Predatory Practices
Montreal As the ACORN members lined up in Victoria Square in the downtown business district of historic Montreal, you could hear their chants for blocks as they cried: “predatory lender, criminal offender.” First, they stopped briefly to deliver a letter demanding that the telcom, Videotron, owned by Quebecor, provide “internet for all” through a low …
Wells Fargo Caught Again in Predatory Lending Scheme
Little Rock We need to get rid of the three strikes program for people and institute it for banks, whose criminal conduct continues to rage unabated. Wells Fargo, the West Coast based banking center, is a serial abuser of mortgage borrowers using predatory practices. Cook County, home of Chicago, and 5 million good people, has …