Thousands of Idaho residents are strapped for cash. The economic recession has devastated the lives of Idahoans across the state. As the need to make the dollar stretch increase, financial resources from traditional banks decrease. Payday loan centers have seized an opportunity to profit from the misfortune of those in need. Predatory lenders have lined the sidewalksContinue reading “Taking on Predatory Lending in Idaho”
The JP Morgan Chase office in Columbus, Ohio is surrounded by a moat—literally. But that didn’t stop five hundred Americans, organized by the New Bottom Line coalition, from finding a way across and storming the castle on May 17. Homeowners, community leaders, union members, clergy members and more converged on Tuesday’s shareholder’s meeting. Many dressedContinue reading “Storming the JP Morgan Chase Castle”
On Tuesday, October 26th, members of the Idaho Community Action Network gathered outside of the Wells Fargo bank in Pocatello, Idaho to demand changes to the bank’s excessive overdraft system. Many Idahoans have experienced the pains of the economic recession and are in a state of discontent with Wells Fargo’s failure to address the financialContinue reading “ICAN Demands Wells Fargo Change Overdraft System & Payday Lending Practices”
This post was written by Nathan Riding from Washington CAN! The summer of 2010 will long be remembered for the worst environmental disaster in history of our country. The BP oil spill killed eleven men, countless animals, birds, and fish, and destroyed the economic livelihoods of thousands of people. The long-term impact of the BPContinue reading “Washington CAN! Holds Week of Action to Fight Corporate Power”
On Thursday, July 15, Congress passed the strongest financial reform bill since the Great Depression, tightening restrictions on banks and Wall Street, cracking down on lending practices, and expanding consumer protections in order to prevent a repeat of the 2008 meltdown, the consequences from which we are still reeling. President Obama will sign the billContinue reading “Congress Passes Financial Reform Bill!”
On May 5th, 2010, the Colorado state legislature passed a payday lending reform bill that is a huge victory against predatory lending, and will benefit an estimated 200,000 low-income Coloradans annually.