The “Move Your Money” campaign got an extra boost this morning as it was mentioned on NPR’s Morning Edition. Organizers of the campaign, which encourages consumers to move their money out of the big banks and into small local banks and credit unions, say that
The National Council of La Raza (NCLR) partnered with the Center for Community Capital (CCC) at the University of North Carolina to produce their recent report titled The Foreclosure Generation: The Long-Term Impact of the Housing Crisis on Latino Children and Families. NCLR’s findings reflect
Jonathan Mintz, the Commissioner for the New York City Department of Consumer Affairs, recently put out a list of the top 10 financial products and practices that he thinks should be covered in 2010. This list comes as the result of the Cities for Financial
Senator Michael Bennet (D-CO) recently wrote an Op-Ed for the Denver Post about changes in credit card terms and the need for more financial regulation to effectively protect consumers. He talks about the improvements that are about to go into effect, and says: These long-overdue
Professor Alan White recently submitted an op-ed to the South Bend Tribune about the need for better financial regulations. Among other things, his piece says: Much of the debate regarding the proposed Consumer Financial Protection Agency misses the point. The question is not whether banking,
The Huffington Post is focusing on small business support for the CFPA this week. Read their piece here. An effective CFPA would protect small businesses from deceptive loans and ensure them a steady flow of quality credit. If you are a business person or investor
The Helena Independent Register reports that Senator Jon Tester (D, MT) refutes misleading ads claiming that the financial reform bill is a bank “bailout.” Here is an excerpt: A little-known political group with links to conservative and Republican Party figures is urging Montanans to oppose
More than 50 charities are supporting a British campaign to levy a tax on transactions between financial institutions, which can be used to help fight poverty, protect public services and tackle climate change. The 0.05% “Robin Hood” tax on financial trades could raise $700bn for
The New Mexico state legislature is one step closer to “moving their money” out of the big banks and into community banks and credit unions. This week, they passed a bill 65-0 to allow the state to move between $2 billion -$5 billion in state
Oregon State Public Interest Research Group (OSPIRG) has been working with the state government to help prevent foreclosures and protect consumers. The importance of this fight and the work done by this group was recently profiled in this piece by KUOW, the local radio station.