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New York Times: Consumer Bureau Looks to End Public View of Complaints Database
New York Times — Financial companies have worked to diminish the Consumer Financial Protection Bureau’s powers since the day the agency was created. Now, they’re on the brink of having one of their top demands granted: an end to the regulator’s public database of complaints about their products and services.
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Buffalo News: Advocates Urge State Officials to Help Close Gap in Access to Capital
Buffalo News — It’s a persistent problem in Buffalo and other cities: disproportionately fewer bank branches in lower-income neighborhoods, prompting some residents to turn to high-cost alternatives to obtain capital.
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City Limits: Report: Mortgage Denials Higher in NYC’s Neighborhoods of Color
City Limits — Banks in New York are denying more housing loans in neighborhoods where people of color dominate, and are turning down black applicants who seek mortgages and refinancing at a higher rate than similar white applicants, an advocacy group reported this week.
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They’re Banks, Right?
These days it seems taken for granted that banks discriminate against people and neighborhoods of color – they’re banks, right? We can thank the Center for Investigative Reporting for reminding the world that this is not okay.
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Colorlines: U.S. Courts Imprison Thousands For Unpaid Debts
Colorlines — A new report says that thousands of people across 26 states are arrested and jailed each year due to outstanding debts such as unpaid medical bills and car loans. The practice violates due process rights and was abolished by the federal government in 1883.
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The Laura Flanders Show: Trump Year 2 – What’s Next?
The Laura Flanders Show — On this week’s Laura Flanders Show, our Co-Director Sarah Ludwig discusses the community-based work being done to counter the Trump administration and create lasting, transformational change.
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Indian Panorama: Restaurant Workers & Allies Rally Against Restaurant Association For One Fair Wage
Indian Panorama — Restaurant workers and coalition partners, on January 25, rallied in the fight for One Fair Wage, a national effort to bring New York in line with seven other states, that pay tipped workers their state’s general minimum wage, on top of their tips.
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The Nation: The Trump Administration Just Gutted Payday-Lending Regulations
The Nation — January 16 was supposed to be the day of reckoning for a notorious predatory-lending industry, when a rule from the Obama administration’s consumer-watchdog agency would finally start to curb a business that’s fleecing the poor.
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Pix 11: Customers Angry After Bank of America Tightens Free-Checking Rules
Pix 11 — “Banks have some special responsibilities toward the broader public. They’re very powerful institutions, and there’s no reason that Bank of America should be punishing low-income New Yorkers,” said Raúl Carrillo, staff attorney for New Economy Project.
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NYC Comptroller Scott M. Stringer: Comptroller Stringer and Advocates Condemn Bank of America’s Outrageous Attempt to Jack Up Fees on Low-Income Customers
NYC Comptroller, Press Release — New York City Comptroller Scott M. Stringer and a coalition of advocates today condemned Bank of America’s move to target its low-income customers with new, high fees just as the bank is set to reap massive profits from the recently-passed GOP tax plan.
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Kansas City Star: CFPB drops Kansas payday lending case, stoking fears Trump is backing off the industry
Kansas City Star — Without explanation, the Consumer Financial Protection Bureau has dropped a lawsuit in Kansas it had filed a year ago against four payday lending companies.
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350.org: New Yorkers Celebrate as NYC Mayor Announces Divestment from Fossil Fuels, Files Climate Lawsuit
350.org, Press Release — Today, following over five years of persistent campaigning from New Yorkers, New York City Mayor Bill de Blasio announced the City is moving forward with full fossil fuel divestment. The city’s five pension funds, a combined $191 billion, will divest $5 billion in securities from over 100 fossil fuel reserve owners.
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