Oregon Action! nailed another victory to move municipal money out from under major banks. After many months working to engage local municipalities on responsible banking practices, OA! moved the Ashland City Council to unanimously pass a resolution authorizing the city to move some of its money out of Wells Fargo and to establish accounts atContinue reading “Ashland, OR: Another Victory for Local Banking”
It’s been five and half years since the largest economic collapse in 4 generations, and fiscal policy is still being executed in a way to favor the banks and not regular folks. We’ve subsequently seen a “jobless” recovery from our recession and are now seeing a “houseless” rebound of home market. ButContinue reading “One Solid Act for Homeowners: Can Obama do it in the First 100 Days?”
On August 2, members of Alliance affiliate Idaho Community Action Network successfully disrupted the foreclosure auction of ICAN member Ashlee Wemhoff’s home in Lewiston, Idaho. Ashlee’s home was put into foreclosure after her husband had an accident and was unable to work.
Mere days before National Small Business Week kicked off it was revealed that JP Morgan Chase and CEO wonder boy Jamie Dimon lost $2B (now $3B by some estimates) on derivative trades meant to mitigate risk. This was a stark reminder for small businesses that nearly 4 years after the economic collapse wreaked havoc onContinue reading “Two Banking Regulations on Small Business Wish List”
From the Main Street Alliance Website: Main Street Alliance of Oregon has been surveying business owners throughout Oregon and is finding strong interest in electoral reform. Currently around eight in ten business owners feel the Citizens United Supreme Court decision, freeing corporations to spend unlimited sums of money in elections, is bad for small business.Continue reading “Move to Amend is Moving In Oregon”
Student loan interest rates have taken center stage in the latest partisan political debate. In response to the economic crisis, the federal government reduced the interest rate for Stafford Loans from 3.4 percent to 6.8 percent. But that was only temporary.
The Main Street Alliance has a great new video highlighting the dominating role insurance companies are playing in state health insurance policy. “Foxes Guarding the Hen House” is part of MSA’s ongoing campaign to ensure that the health insurance exchanges that are created in each state work for small businesses.
The Occupy protests that have sprouted up in over a thousand cities nationwide have had a profound effect on the political landscape. Barely four months ago, the dominant narrative was that the country is broke and we have to tighten our belts through “fiscal austerity,” with nary a mention of income inequality and who paysContinue reading “Occupy Protests Have Shifted National Dialogue, 2012 Elections Loom”
Beginning January One, Bank of America will be charging customers $5 a month to use their debit cards. Back in 2009, small businesses banded together to fight back against ever escalating fees levied by the banks. This was a monumental win for small businesses- these fees amounted to a $16Billion a year transfer of wealthContinue reading “Bank of America to Charge Fee to Use… Your Money”
More than a year after the passage of the financial reform, the Consumer Financial Protection Bureau still doesn’t have a director at the helm. Robert Cordray, former Ohio Attorney General, awaits confirmation, now stalled by Senate Republicans more interested in abetting the banks and gutting the bureau than in protecting consumers. This is bad notContinue reading “Consumer Financial Protection Bureau Lacks Director: Small Businesses Economy Suffers”