Maybe I mourned too soon.
I donned black crepe when Senator Chris Dodd (D) proposed killing Obama’s Consumer Financial Protection Agency—replacing it with a “bureau” that looked like a useless glob. Supposedly, Dodd was trying to compromise with the Party of No. But for them, even a glob proved an ooze too far. He got zero [...]
The same banks that abused the public with deceptive credit-card pitches and exploding mortgages are demanding the freedom to do it again. And the Senate—that owned and operated subsidiary of Fat Cat, Inc.—might give it to them. The only—repeat, only—section of the financial reform bill that actually helps consumers is the proposed Consumer Financial Protection [...]
The big banks needed billions of dollars from the taxpayers to stay alive. Now they’re thumbing their noses at the very people who saved their tails. They’re hiking fees and interest rates on credit cards, and refusing to modify mortgages so that willing people can keep their homes. They’re socking it to small businesses, by [...]
Boycott big banks! Switch your money into community banks and credit unions, or put your savings into Internet banks that pay high rates.
Congress passed a law intending to snuff some abusive practices, such jumping your credit card interest rate on purchases you’ve already made. So what are the banks doing? Jumping your interest rates by huge [...]
Banks drive me crazy. There’s practically no competition any more. A few big banks own the lion’s share of the business. They’re generally terrific for doing business online, with good bill paying, budgeting, and other services. But the investment products they sell are too highly priced (you can do much better somewhere else). And they’re [...]
