U.S. News


Banks making huge profits from toxic assets

What the government really did for the financial giants  in March as a way to help them unload their toxic mortgage securities was put up a sign that read, "Free money, come and get it."


Obama administration pressures banks on housing crisis

The Obama administration announced today stepped up measures to persuade big banks to help strapped mortgage holders.


Message to banks: ‘Time to bail us out’

Sick of profiteering, foreclosures and joblessness, thousands tell banks 'Enough is enough'



Protests rock Chicago bankers conference

CHICAGO — Chanting "ABA you're the worst, time to put the people first," over 1,000 people confronted the officers of some of America's biggest banks today, Oct. 26, on the second of three days of protest during an ABA (American Bankers Association) conference.

Civil rights groups urge 'huge groundswell' to end predatory lending

Black, Latino, and Native American Indian leaders at an online briefing on the “racial wealth gap” said it will take a tidal wave of public pressure to win passage of legislation outlawing predatory lending and other discriminatory practices in the face of opposition from the banking lobby.

City of Baltimore charges Wells Fargo with racist lending practices

Charges of premeditated racist discrimination by the nation's top banks were given additional boost by the city of Baltimore which filed affidavits recently in a suit against Well Fargo for steering minorities to purchase sub-prime loans. Similar suits have been filed in several states including Texas, Tennessee and California and by the the NAACP alleging racial bias in predatory lending. The case was initially presented last January. The complaint runs some 825 pages.

Congress to cap interest rates on consumer loans

Congress is considering passing a bill that will cap interest rates on consumer loans at 36 percent to prevent lenders from taking advantage of people who rely on these kinds of loans to meet basic needs or to cover unexpected expenses, like car repairs or vital medical procedures, many of whom are minorities and low-income people.

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