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”
Tag Archives: Great Recession
The Bank of North Dakota: What a Bank Should Be
It’s been a heated election season. When the political dogfights get all the attention, it’s easy to forget that there good policies and institutions out there that receive bipartisan praise, are working well, and deserve to be built upon. The Bank of North Dakota is an important example. Founded in 1919 in response to aContinue reading “The Bank of North Dakota: What a Bank Should Be”
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?”
Building a National Movement Against The Big Banks: Organizing Underwater Homeowners
In September, NWFCO joined more than 230 people from around the country for the “Banking for a New Economy” Summit in Chicago, Illinois. We came together to build a national movement for bank accountability – reminding ourselves that the banks created the greatest economic crisis since the Depression, and now we have to make themContinue reading “Building a National Movement Against The Big Banks: Organizing Underwater Homeowners”