Community and ICAN Push Council to Limit Industry From Preying on the Poor “With the average payday loan in Idaho carrying an interest rate of 350% and with the average borrower taking out 7 payday loans to pay off the initial loan”, predatory loan businesses continue to swarm into our state. Last year alone,Continue reading “Caldwell, ID City Council Asked to Move Payday Lenders Out of Sight, Out of Mind”
Category Archives: Jason Collette
Will SEC order a dose of sunlight for corporate political spending?
Mary Jo White, the new Chair of the U.S. Securities and Exchange Commission, was recently confirmed to a five-year term that secures her position until 2019. With that kind of job security, Ms. White should be able to rise above the partisan pressures of Washington politics and advance a proactive agenda at the SEC thatContinue reading “Will SEC order a dose of sunlight for corporate political spending?”
FHFA, Fannie and Freddie Stage A Last Ditch Effort to Squash Homeowners
The Federal Housing and Finance Authority (FHFA) is taking dramatic actions against homeowners, and cities working to fix the housing crisis. Just, this morning, Mark Harris, a Desert Storm veteran in Atlanta, who was highlighted in the Alliance’s report Wasted Wealth: How the Wall Street Crash Continues to Stall Economic Recovery and Deepen Racial InequityContinue reading “FHFA, Fannie and Freddie Stage A Last Ditch Effort to Squash Homeowners”
Homeowners Protest Dept. of Justice Failure to Prosecute Wall Street Crimes
17 Homeowners Arrested On Monday, Alliance members from Colorado Progressive Coalition and Washington CAN! joined over 500 homeowners for a day of action targeting the Department of Justice for its continued failure to prosecute Wall Street banks and their executives for major financial crimes. In March, U.S. Attorney General Eric Holder told the Senate JudiciaryContinue reading “Homeowners Protest Dept. of Justice Failure to Prosecute Wall Street Crimes”
Colorado: Judge Rules that Homeowner Has the Right to Fight Impending Foreclosure…in this case.
A win for homeowners in Colorado! Alliance affiliate Colorado Progressive Coalition has been working for two years to pass “Show Me the Note” legislation, which forces banks to prove they own the deed to a home before they can foreclose on it. On Monday, U.S. District Judge, William Martinez, ruled that the unsworn testimony ofContinue reading “Colorado: Judge Rules that Homeowner Has the Right to Fight Impending Foreclosure…in this case.”
New Bottom Line’s 16-Month Campaign Takes Giant Step Forward To Removing:
“The biggest roadblock to our country’s economic recovery” Re-Posted with permission from The New Bottom Line Since early 2012, New Bottom Line has driven the campaign to get President Obama to dump Ed DeMarco, acting director of the Federal Housing Finance Agency. Today, the organization celebrated the news that the president finally made a nominationContinue reading “New Bottom Line’s 16-Month Campaign Takes Giant Step Forward To Removing:”
The Housing Crisis in Pueblo, Colorado
Community Rally Hits One Consistent Message: Get Rid of Ed Demarco Fred and Sophia Patterson have a mortgage that was bought from Bank of America by Freddie Mac. When Mr. Patterson had his identity stolen, he lost everything, and asked for some assistance. The Pattersons accepted a temporary loan modification and continued to payContinue reading “The Housing Crisis in Pueblo, Colorado”
Ashland, OR: Another Victory for Local Banking
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”
One Solid Act for Homeowners: Can Obama do it in the First 100 Days?
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?”
Foreclosure Crisis: AJS Affiliates Fight Fannie Mae in LA, Meet with Congress in DC
As part of the escalation of tactics against mortgage giants Fannie Mae and Freddie Mac, members of Alliance affiliate Progressive Leadership Alliance of Nevada (PLAN) joined Right to the City, ACCE and others to bring the fight directly to Fannie Mae at their regional headquarters in Los Angeles last week.