U.S. News

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Interest rate swaps wreak havoc around the country

Like many states and local governments around the country, Oakland is being victimized by the banking industry.

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California looks to pass Homeowner's Bill of Rights

In a counterattack against Wall Street, grassroots groups and state leaders  joined forces to exact significant concessions from the big banks.

Texas groups protest banks, sonogram law

Women from Code Pink, along with a few male allies, recently picketed the Bank of America on Inwood and Lemmon.

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Payday lending makes banks big profits

In their constant quest for ever-larger profits, at least five of the nation's leading banks have entered the sleazy, unscrupulous, and usurious field of payday lending.

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Targeted victims protest American Airlines bankruptcy plans

The flight attendants called the action, and the pilots and Transport Workers Union quickly joined in. Other unions and solidarity activists drove into DFW International Airport for the action.

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Trumka: Big Banks' payment on mortgage settlement good first step

A $26.5 billion settlement between the states' attorneys general and big banks over the financial finagling with mortgage-backed securities is a good first step, AFL-CIO President Richard Trumka says.

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Oakland police arrest hundreds of Occupy protesters

Police arrested some 400 demonstrators Jan. 28 in response to the latest attempt by Occupy Oakland activists to occupy a vacant building and establish a new encampment there.

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Obama to investigate mortgage fraud

Responding to public demands to prosecute the banks responsible for creating the financial crisis, President Obama announced on Tuesday a new financial irregularities task force

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Sweetheart deal or fair deal on housing?

After months of negotiation with big banks, the White House may announce a settlement that would let the banks off the hook for their role in the foreclosure crisis.

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Foreclosures set to rise in 2012

The slight dip in foreclosure rates in 2011 was not the beginning of a trend towards reversal of the mortgage crisis.

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