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War of the Whales


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Tag: Predatory Lending


JStone / Shutterstock.com

L.A. Sues America’s Biggest Bank Alleging Predatory Lending

On Friday, the city of Los Angeles filed a lawsuit against JPMorgan Chase accusing it of pushing minority borrowers to take on risky home loans that would ultimately cost the city at least $1.7 billion in lost revenue and maintenance.

Posted on Jun 2, 2014 READ MORE



Flickr/Thomas Hawk

Big Banks Have Found Another Way to Rip You Off

Meet the major banks’ newest partner: payday lenders, the owners of those check cashing stores that offer short-term loans with interest rates that sometimes exceed 500 percent.

Posted on Feb 24, 2013 READ MORE


Foreclosure
Flickr / respres

The Occupy Movement’s Next Frontier

Those critics of Occupy Wall Street who claimed the movement lacked direction might look to foreclosed homes around the country, as well as housing auctions at select banks, where activists turned up Tuesday as part of the Occupy Our Homes initiative.

Posted on Dec 6, 2011 READ MORE



Flickr / stan

You Can’t Teach an Old Predatory Lender New Tricks

Like an abused spouse, America continues to stand by the banks, hoping they’ll change their ways. TARP funds were supposed to trickle down to the average taxpayer, but Congress is now investigating complaints that bailed-out banks such as Bank of America and Citigroup are jacking up interest rates and engaging in predatory lending.

Posted on Apr 13, 2009 READ MORE


McCain

Who’s Afraid of ACORN?

Who knew that “community organizing” and “ACORN” would become two of the most mischaracterized and maligned terms during this election season? Well, as a few key members point out in this must-see clip from Brave New Films, ACORN had some idea this might be coming.

Posted on Oct 21, 2008 READ MORE


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