Sales Tactics
Sep 12, 2016
Dummy Accounts
Sep 11, 2016
Taxpayers Are Subsidizing Bonuses for Wall Street CEOs
Sep 5, 2016 A little-known section of the U.S. tax code “created a legal process by which publicly held companies can lower their tax bills by boosting CEO pay,” reports George Zornick at The Nation. (Pictured: John Stumpf, Wells Fargo chairman and CEO.)
In Spite of 2010 Law, Banks Still Make Billions on Overdraft Fees
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.
Banks Rejected Three Out of Four Requests for Loan Modifications Under Vaunted Obama Program
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.
The Clintons and Their Banker Friends, 1992-2016
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.
Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives
Dec 26, 2014 The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and depositors and taxpayers could be liable, following repeal of key portions of the Dodd-Frank Act signed into law on December 16th.
America’s Most Hated Banks
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.
Big Banks Hit With Monster $250 Billion Lawsuit in Housing Crisis
Jul 17, 2014 In June, investors led by the world’s largest asset manager and the world’s largest bond-fund manager sued some of the world’s largest banks for breach of fiduciary duty as trustees of their investment funds. The investors are seeking damages for the equivalent of 1 million homeowners with $250,000 in damages suing at one time.
L.A. Sues America’s Biggest Bank Alleging Predatory Lending
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.
