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Article Archive for August 2009

Pocono Record: Jim Hightower on Outrageous Bank Fees
August 9, 2009 – 1:27 pm

Jim Hightower:  Bank fees are more outrageous than ever before
Excerpt:
How’s this for gratitude?
Wall Street bankers, whom we’ve propped up with a $12 trillion bailout, are quietly slipping offensive little notes into your and my monthly …

Star Ledger: Consumers deserve protection from financial institutions, too
August 7, 2009 – 8:33 am
Star Ledger: Consumers deserve protection from financial institutions, too

Posted by Phyllis Salowe-Kaye/ Star-Ledger Guest Columnist August 06, 2009 5:16AM
Categories: Economy
ANDREW MILLS/THE STAR-LEDGER Elizabeth Warren is the chair of the Congressional Oversight Panel created to oversee the U.S. banking bailout, formally known as the …

Incentives and Fair Compensation
August 6, 2009 – 6:45 am

By Bill Ragen, SEIU
An incentive system similar to one at the top is at work at the street level of the biggest banks. In the tens of thousands of bank branches and call centers of …

Protecting Whistleblowers
August 6, 2009 – 6:40 am

Angela Canterbury
Public Citizen
We would have had more warning of the collapse of Wall Street and the subsequent economy crisis if there had been more protections and avenues for disclosure for employees willing to raise concerns.  …

Dow Jones Newswires: Treasury: Mortgage Servicer Performance ‘Uneven’
August 5, 2009 – 6:23 am

By Maya Jackson Randall and Jessica Holzer
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)–Only 9% of eligible borrowers have received trial modifications under the Obama administration’s ambitious effort to help
struggling homeowners, according to data released by the …

In the News: Banks Fall Short on Mortgage Help
August 4, 2009 – 7:47 pm
In the News: Banks Fall Short on Mortgage Help

Banks Fall Short on Mortgage Help

Govt. Report Shows 15 Percent of Eligible Borrowers Offered Help; Bank of America, Wells Fargo Lag Behind Other Big Banks
By MATTHEW JAFFE and ALICE GOMSTYNAugust 4, 2009

Fewer than one in …