Home foreclosures grew sharply in August, a marked 33 percent increase after slowing to a trickle over the last year, making it the sharpest rise in four years.
Chase and several other banks, including Morgan Stanley and Deutsche Bank, in addition to overcharging, forced military families out of their homes during the financial meltdown.
The foreclosure crisis which continues to ravage communities across the country is also harming working people in New York City, even though 64% of the city's 8 million residents live in rental apartments.
Over a dozen banks will compensate victims for losses that occured as a result of mistakes on foreclosures according to an agreement reached with government regulators today.
Protestors in St. Louis crashed an annual breakfast where corpoarte leaders, politicans and bank executives were meeting, demanding they be held responsible for wrecking the economy.
If the state's foreclosure rate continues unchecked, the combined costs to homeowners, the property tax base, and local governments could reach $1 trillion.
Bank of America got a Valentine's Day surprise with a picket line protesting the bank's receiving "unrequited love" in the form of tax breaks from the community.
The banking industry showed its callous disregard for working families when J.P. Morgan Chase foreclosed on and overcharged thousands of troops on active duty.
Republican members of Congress have set their sight on gutting assistance to troubled homeowners at risk of foreclosure.
According to a federal panel, "reckless" banks and faulty regulators were the chief source of the recent crisis.