It’s always been tough for working families in the Northwest to make ends meet. The recession has made it even harder – and harder still for people of color, who have historically faced racial inequities in the job market. The economic crisis has only worsened these disparities in employment, wages, and income. Race Matters shinesContinue reading “Race Matters: Living Wage Jobs in the Current Economy”
Tag Archives: financial institutions
ICAN Demands Wells Fargo Change Overdraft System & Payday Lending Practices
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”
Banks and Foreclosures: Where’s the Accountability?
Over the past several weeks Bank of America, Ally, and GMAC have announced that they have will be halting foreclosures in the 23 states that require a judge to sign off on foreclosures before eviction. Did this decision come from enlightened bank management who understand what is needed to stabilize the housing market and pullContinue reading “Banks and Foreclosures: Where’s the Accountability?”
Washington CAN! Holds Week of Action to Fight Corporate Power
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”
Congress Passes Financial Reform Bill!
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!”
Colorado Progressive Coalition Hails Payday Lending Reform Passage
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.