News & Events
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NY Times: Sallie Mae Will Split Old Loans From New
New York Times — The nation’s largest private student lender, Sallie Mae, is cleaving itself into two companies — a move that will create a new home for more than $100 billion ofstudent loans amid broad concerns from federal authorities and consumer advocates that graduates hobbled by debt are increasingly falling behind on their payments.
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NY Daily News: New York City Set to Sell Tax Liens on Homes Damaged by Hurricane Sandy to Debt Collectors
NY Daily News — Talk about kicking someone when they’re down. Hundreds of New York City homeowners hurt by Hurricane Sandy are about to get hit by another blow — the sale of their tax liens to debt collectors, the Daily News has learned.
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NY1: Councilman, Advocate Push For Ending Employer Credit Checks
NY1 Road to City Hall — The Road to City Hall’s Errol Louis had Sarah Ludwig from The Neighborhood Economic Development Advocacy Project and Brooklyn City Councilman Brad Lander discuss their efforts to stop employers from using credit checks on job applicants.
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WNYC: Sampson Corruption Scandal Hits Home for One Family
WNYC’s All Things Considered — William Easterling and his wife used to own 165 Forbell Street, a two-family home in Brooklyn on the border of Cypress Hills and Ozone Park. The couple raised their four kids there. But they haven’t lived there in almost 20 years.
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NY Times: The Long Shadow of Bad Credit in a Job Search
New York Times — The first couple of times Alfred J. Carpenter was turned down for a job, he didn’t know what to think.
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Groups from Across U.S. Protest Bank of America’s Abusive Practices, at Bank’s Annual Shareholder Meeting in Charlotte, NC
New Economy Project, an economic justice organization based in New York City, spoke out at Bank of America’s annual shareholder meeting today in Charlotte, NC, and demanded accountability by the multi-trillion dollar bank. Joined by allies from California and North Carolina, New Economy Project detailed harms Bank of America causes to communities through its abusive…
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Bloomberg Business News: Predator Targets Hit as Banks Shut Branches Amid Profits
Bloomberg Business News — Banks that opened more than 15,000 branches across the U.S. in the decade leading to the financial crisis are retreating from lower-income neighborhoods, even as the industry posted its second-most-profitable year on record.
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American Banker: Wells Fargo Shareholders Reject Review of Mortgage Practices
American Banker — Wells Fargo’s (WFC) shareholders have rejected a proposal that would have directed the company to review whether its mortgage servicing and foreclosure practices violate anti-discriminatory laws.
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Kuer 90.1: Borrower Advocacy Groups Present Resolution at Wells Fargo Shareholder Meeting
Kuer 90.1 — Homeowner advocates are calling on John Stumpf, the CEO of Wells Fargo Bank and bank shareholders to review the mortgage servicing and foreclosure practices of the bank.
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Deseret News: Protestors Target Wells Fargo Annual Meeting
Deseret News — Some irate consumers took to the streets of downtown Salt Lake City to protest what they called discriminatory lending practices and unethical investments of one of the nation’s largest financial institutions.