Posts tagged "banking"

New law bans some predatory lending practices that had hurt vulnerable communities

New law bans some predatory lending practices that had hurt vulnerable communities
The practice of giving high risk home loans to minorities and financially vulnerable communities is alive and well, says a legislator behind a bill that seeks to ban two types of tricky lending practices. SB1692, passed in May and signed by Gov. Pat Quinn on July 25th, would ban prepayment penalties and balloon payments. Written... Read more »

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 »

How poor folks get swindled at tax time

I saw two of them just this morning. Those tax guys in statue of liberty garb, waving their signs on street corners. Tax places seem to sprout up out of nowhere this time of year, filling any empty storefront they can find. “Get your refund today!” they cry, trying to replace something everyone hates (doing... Read more »
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