Posts tagged "Bank of America"

Happy birthday, Wells Fargo: older but wiser?

Happy birthday, Wells Fargo: older but wiser?
Protesters around the country came out Monday to wish Wells Fargo a happy 160th birthday, and to remind the San Francisco bank that getting older doesn’t mean they’re getting any wiser. “We went out there to let them know that we are going to bring attention to the fact that Wells Fargo still does not... Read more »

Activists in Illinois push to tip the scales in favor of civil society

Activists in Illinois push to tip the scales in favor of civil society
The scales are tipped in Illinois, and not in favor of the 99 percent, community groups say. A series of reports and actions, including the delivery of a golden toilet, seek  to highlight the state cuts and corporate loopholes that advocates say are leaving Illinois citizens in the dust. “We keep hurting both our tax... Read more »

Attorney general on discriminatory lending and The Chicago Reporter investigation

Illinois Attorney General Lisa Madigan joined The Chicago Reporter in North Lawndale for Vocalo’s Barbershop show to discuss the nation’s biggest discriminatory lending settlement and the Reporter investigation that spurred it. Efforts to modify people’s loans, keep them in their homes and keep the banks accountable continue, Madigan said, but “justice has not been served”... Read more »
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Kelly speaks Friday on the article that set off a $335 million lawsuit

Kelly speaks Friday on the article that set off a $335 million lawsuit
Before the housing bubble burst, before Illinois Attorney General Lisa Madigan sued Countrywide for discriminatory lending practices and before the word foreclosure became as common as the word mortgage, if you were a black family in Chicago looking to buy your first home and the rates seemed unreasonably expensive, you might just assume that it... Read more »

Predatory lending, the mortgage meltdown and a $335 million settlement

Here’s yet another example of why investigative reporting matters. Today, Illinois Attorney General Lisa Madigan credited The Chicago Reporter for spurring a lawsuit that led to a $335 million settlement by Countrywide, a subsidiary of Bank of America, which deliberately steered well-heeled Latino and African-American homebuyers into subprime loans even though they qualified for better terms.... Read more »

Poor will bear the brunt of new debit card fees. Who's to blame?

Poor will bear the brunt of new debit card fees. Who's to blame?
Late last week, Bank of America made an announcement: they’re going to start charging their customers $5 a month to use their debit cards. Needless to say, the response wasn’t positive. Bank of America serves about 1 out of every 2 Americans, and nobody seems pleased about having to pay an extra $5 a month... Read more »
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