“The activists hand-delivered protest petitions Thursday that, they said, contained 67,000 signatures. Arbitration clauses put consumers at an unfair disadvantage in disputes with their banks, the groups said… Consumer Action, Americans for Financial Reform, Public Citizen, the Other 98%, Alliance for Justice, the American Association for Justice and the National Association of Consumer Advocates helped organize the petitions.”
Press Release: AFR joins 8 Allied Groups and More than 67,000 People in Telling PNC and Well Fargo to Stop Using Forced Arbitration
“These non-negotiable terms are one of the ways that companies rig the financial system against consumers and avoid accountability. These terms deny customers access to courts should they seek to pursue legal claims against your company and deprive your customers of important legal protections. The result is that consumers cannot practically or fairly resolve disputes with you or
seek remedies for harm caused by your wrongful conduct.”
June 29, 2011 By Jesse Eisinger, Propublica “The most pronounced development in banking today is that executives have become bolder as their business has gotten worse. The economy is clearly weaker than expected, and housing prices are falling throughout the land, eroding bank asset values.
Testimony of Peter Skillern, Executive Director Community Reinvestment Association of North Carolina United States House of Representatives Financial Institutions and Consumer Credit Subcommittee Wednesday, March 3, 2011 Thank you Representative Capito and Representative Maloney for the opportunity to speak with you on the impact of
By Zach Carter / Huffington Post “We agree,” Lisa Donner, the director of Americans for Financial Reform, a coalition of consumer groups advocating for stronger bank regulation, said in reference to Bachus’ comments. “With the work she is doing laying out a compelling vision of