Banks and Finance
February 24, 2006 -
Each year, consumers lose $25 billion due to predatory mortgages, payday loans, and other lending abuses like overdraft loans, excessive credit card debt, and tax refund loans. These nefarious banking practices strip away wealth from low-income people and communities, and transfer them to powerful finance interests.
February 2, 2006 -
For the first time in its 131 year history, the Kentucky Derby will have corporate sponsorship. Churchill Downs has signed a five year sponsorship deal with Louisville-based Yum Brands, owners of KFC, Pizza Hut, and other fast food chains. The event will be called "The Kentucky Derby presented by Yum!
October 12, 2005 -
With just five days until the Bankruptcy Bill goes into effect -- the measure Congress passed last spring with the votes of 18 Democratic Senators and 73 House Dems -- comes a disturbing
August 1, 2005 -
Here's something to mull over while paying bills or pumping $2.00-a-gallon gas: the Atlanta Journal-Constitution's list of the highest-paid Georgia CEOs in 2004 (reg req'd).
June 21, 2005 -
The recent spate of thefts and lost records at banks and credit companies, which have rendered millions of consumers vulnerable to fraud and identity theft, is nothing new. From Inner City Press:
June 13, 2005 -
Today the excellent Center for Responsible Lending -- based here in Durham, N.C. -- announced a major court victory out of Georgia in the ongoing battle to rein in predatory bankers, especially pay-day lending operations.
April 15, 2005 -
Katrina vanden Heuvel at The Nation has a post up today about the recent victory in the Maryland General Assembly, which passed legislation requiring companies with 10,000 or more employees to spend at least 8% of their payroll on health benefits for workers.