Predatory Lending
The Color of Credit (Op-ed)
by bob ()Charles Steele Jr., of the Southern Christian Leadership Conference, builds on our report "Foreclosed: State of the Dream 2008," in a critique of proposals to ease the credit crunch. The Washington Post.
Credit Crunch Reveals Economic Racial Divide (Op-ed)
by bob ()Jose Garcia of Demos uses data from our State of the Dream report in his recent op-ed. From the Hartford Courant.
Wells Fargo Challenged on Racial Inequities
by bob ()On April 29 in San Francisco, members of Responsible Wealth will present a shareholder resolution requesting that the company explain racial and ethnic disparities in its sub-prime loans.
Western Union Shareholder Resolution 2008
by bob ()The federal law known as the Community Reinvestment Act (CRA) obligates federally insured banks and depository institutions to help meet the needs of communities in which they operate. No such law exists for money transfer agencies like Western Union.
Town Hall Meeting Focuses on Harmful Banking Practices
by bob ()Town Hall Meeting in Boston with Rep. Barney Frank, Mass. AG Martha Coakley Focuses on Harmful Banking Practices, Rising Credit Card Interest Rates Hurting Working Families and Consumers. Co-hosted by Service Employees International Union (SEIU), the Massachusetts Public Interest Research Group (MassPIRG), and UFE.
Supporting the Economic Justice Movement by Building Capacity
by bob ()From UFE's February 2008 Enews
Progressive Taxation Needs Your Voice
by bob ()With the president and some presidential candidates saying they want to make the Bush tax cuts permanent -- even as we face a recession -- progressive taxation desperately needs your voice. Please consider helping the fight to preserve the estate tax by joining us in Washington, DC, March 18-19, to lobby your Senators and Representatives in Congress.
A Community Approach to Affordable Housing
by bob ()In their article "A foreclosure-free option," Responsible Wealth member, David Abromowitz, and his colleague Roz Greenstein discuss the use of Community Land Trusts (CLTs) to provide a community-based alternative to subprime mortgages as a way for low-income folks to become and remain homeowners. (From UFE's Enews.)
Bank of America Benefits from Lending Crisis, Taxpayers to Foot the Bill
by bob ()While many homeowners stand to lose their homes due to predatory lending, Bank of America is setting itself up to shift millions of dollars of corporate taxes onto taxpayers. (From UFE's Enews.)
Subprime Lending Crisis Gets Racial Perspective
by bob ()Our report, "Foreclosed: State of the Dream 2008," is getting a lot of attention. By pointing out the destructive nature of predatory loans for people and communities of color, we hoped we would make people see the issue in a new way. We are pleased that it seems to be working. For example, we've heard from federal policy makers as well as many social justice and social change organizations. (From UFE's Enews.)
