In Spite of 2010 Law, Banks Still Make Billions on Overdraft Fees

Staff / Truthdig May 26, 2016 A 2010 law was supposed to relieve Americans of the onerous penalties, but thanks to aggressive marketing campaigns that persuade consumers to “opt in” for overdraft coverage, banks made nearly $14 billion on the "service" last year. Dig deeper ( 2 Min. Read )

Reinstated Lawsuit Could Bankrupt Bank of America and Other Major Banks

Staff / Truthdig May 25, 2016 Judges warn that a lawsuit accusing 16 major banks of colluding to manipulate interest rates could bankrupt the institutions responsible for the crash that debilitated the global economy in 2008. Dig deeper ( 2 Min. Read )

Killing Off Community Banks: Intended Consequence of Dodd-Frank?

By Ellen Brown, Web of Debt Oct 22, 2015 The Dodd-Frank regulations are so lethal to community banks that they are rapidly disappearing—except in North Dakota, where they are thriving. Some say the intent was to force them to sell out to the mega-banks. Dig deeper ( 7 Min. Read )

Banks Rejected Three Out of Four Requests for Loan Modifications Under Vaunted Obama Program

Alexander Reed Kelly / Truthdig Aug 1, 2015 One of the Obama administration’s “signature efforts to help homeowners” has “allowed big banks to run roughshod over borrowers again and again,” reports The New York Times. Dig deeper ( 1 Min. Read )

Karl Marx Was Right

Chris Hedges / Truthdig Jun 1, 2015 The economist and philosopher foresaw that capitalism had built within it the seeds of its own destruction, that the greed of a tiny elite would eventually bring down the system. The final stages that he predicted are visible all around us now. Dig deeper ( 9 Min. Read )

The Clintons and Their Banker Friends, 1992-2016

By Nomi Prins, TomDispatch May 7, 2015 To grasp the dangers that the Big Six banks presently pose to the financial stability of our nation and the world, you need to understand their history in Washington, starting with the Clinton years of the 1990s. Dig deeper ( 14 Min. Read )

The Prison State of America

Chris Hedges / Truthdig Dec 29, 2014 The incarcerated poor have become the nation’s most exploited workers. They are the prototype drones for the corporate totalitarian state. Dig deeper ( 9 Min. Read )

Follow the Money: Big Banks, DOJ Find Benefits in Settlement Deals

Donald Kaufman / Truthdig Oct 31, 2014 Dig deeper ( 2 Min. Read )

America’s Most Hated Banks

Alexander Reed Kelly / Truthdig Aug 1, 2014 In a list of major banks reviled by Americans in order of volume of complaints, Bank of America takes first place, followed by Wells Fargo, JPMorgan Chase and Citibank. Dig deeper ( 2 Min. Read )

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

Donald Kaufman / Truthdig Jun 3, 2014 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. Dig deeper ( 1 Min. Read )

The Global Banking Game Is Rigged, and the FDIC Is Suing

By Ellen Brown, Web of Debt Apr 13, 2014 Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps. And the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it. Dig deeper ( 7 Min. Read )

Bank of America to Pay $9.5 Billion Over Mortgage Bonds

Staff / Truthdig Mar 27, 2014 Dig deeper ( 1 Min. Read )