Banks and Finance

To dodge law, high-cost lender offers cash for free   |   September 5, 2013
By Paul Kiel, ProPublica Alarmed by the explosion of high-cost lending in the state, cities across Texas have passed ordinances to prevent the cycle of debt that short-term, high-...

 

Bank of America lied to homeowners and rewarded foreclosures, former employees say   |   June 17, 2013
By Paul Kiel, ProPublica Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for...

 

Bank of America makes 'dirty dozen' list of criminal financial institutions   |   March 28, 2013
A watchdog group has compiled a list of banking's "dirty dozen" corporate criminals, and Charlotte, N.C.-based Bank of America makes the cut. Dirt Diggers Digest, a...

 

INSTITUTE INDEX: Turning back the clock to predatory payday loans   |   February 22, 2013
Date on which North Carolina Sen. Jerry Tillman (R) introduced a bill to re-open the state to "payday" lenders, companies that offer unsecured cash advances with...

 

Bank of America returns to the scene of the crime   |   January 23, 2013
By Phil Mattera, Dirt Diggers Digest Home buyers beware: Bank of America is returning to the home loan market. According to the Wall Street Journal, BofA is "girding for a...

 

As foreclosure crisis drags on, so does flawed government response   |   January 4, 2013
By Paul Kiel, ProPublica As the sixth year of the foreclosure crisis comes to an end, the percentage of loans in foreclosure remains a staggering eight times higher than it was in...

 

Mexican drug cartels and the U.S. banking industry   |   July 12, 2012
By Louis Nevaer, New America Media The six-year War on Drugs that Mexican president Felipe Calderon has waged since 2007 has resulted in one consequence no one anticipated:...

 

Banking on Boeing   |   May 21, 2012
By Phil Mattera, Dirt Diggers Digest Recent passage of a piece of federal legislation on a broadly bipartisan basis was considered unusual enough for the Washington Post to treat...

 

Financial regulation kills jobs? Perhaps not   |   September 13, 2011
By Marian Wang, ProPublica With the presidential campaign in motion, and President Obama urging immediate passage of his new jobs bill, the attention in Washington has shifted...

 

Nurses rally to heal America with Wall Street tax   |   August 31, 2011
Nurses will gather across the U.S. on Thursday, Sept. 1 to urge Congress to tax financial transactions and use the revenue to fund social programs desperately needed amid the...

 

The color of foreclosure: Blacks, Latinos still losing homes at record numbers   |   June 18, 2010
Thanks to a certain oil spill and other attention-grabbing events, the nation's home foreclosure crisis has drifted off the news headlines. But a new study by the Center for...

 

Traders give Lincoln 80% chance of winning primary, 20% of winning general   |   May 18, 2010
In Arkansas' closely-watched primary today for U.S. Senate, the polls and pundits are saying embattled incumbent Sen. Blanche Lincoln (D) has a big enough lead to win against...

 

Wall Street's strategy for opposing financial reform (video)   |   April 29, 2010
Facing South's report last week on a protest last week by the conservative group Americans for Prosperity -- which targeted the Center for Responsible lending, a champion of...

 

Poverty and plenty   |   September 22, 2006
Forbes has released its latest list of the "Richest 400" in the country. For the first time in the magazine's rankings, all on the list are billionaires. How does...

 

Overdraft protection: bank courtesy or loan sharking?   |   April 24, 2006
Most banks now offer "overdraft protection," a service typically packaged as a courtesy for consumers, a little extra benefit to help you out. But a new survey by the...

 

Cracking down on abusive lenders: it works   |   February 24, 2006
Each year, consumers lose $25 billion due to predatory mortgages, payday loans, and other lending abuses like overdraft loans, excessive credit card debt, and tax refund loans....

 

Kentucky Fried Chicken Derby?   |   February 2, 2006
For the first time in its 131 year history, the Kentucky Derby will have corporate sponsorship. Churchill Downs has signed a five year sponsorship deal with Louisville-based Yum...

 

The Bankruptcy Bill and the Plastic Safety Net   |   October 12, 2005
With just five days until the Bankruptcy Bill goes into effect -- the measure Congress passed last spring with the votes of 18 Democratic Senators and 73 House Dems -- comes a...

 

Georgia Fat Cats   |   August 1, 2005
Here's something to mull over while paying bills or pumping $2.00-a-gallon gas: the Atlanta Journal-Constitution's list of the highest-paid Georgia CEOs in 2004 (reg req...

 

CitiFinancial's Treasure Trove for Identity Thieves   |   June 21, 2005
The recent spate of thefts and lost records at banks and credit companies, which have rendered millions of consumers vulnerable to fraud and identity theft, is nothing new. From...

 

Georgia Court: Pay-Day "Rent-a-Banks" Can't Gouge Consumers   |   June 13, 2005
Today the excellent Center for Responsible Lending -- based here in Durham, N.C. -- announced a major court victory out of Georgia in the ongoing battle to rein in predatory...

 

Predatory Bankers Target African-Americans   |   April 11, 2005
A new study by the National Community Reinvestment Coalition finds that home lenders target African Americans and Latino consumers for high-interest, predatory loans, as reported...