The banking industry is sending out mixed signals at the moment. Just last month, several large banks including Bank of America and Chase were trying to convince people to stay with overdraft “protection” ahead of the rule change that goes into affect this summer that will make it so consumers have to opt in rather [...]
Okay, time to connect some dots. I was inspired by an article on the Huffington Post about a proposal from State Rep. Brian Egolf of New Mexico. He has introduced a bill to move the State of New Mexico’s money from Bank of America to community banks and credit unions throughout the state.
Naturally I thought, [...]
Ariana Huffington is working on starting a movement to get people to switch from their big banks to community banks and credit unions. Great idea (and one that a bunch of the consumer advocates in my film are on the side of)!
A woman on Facebook , Carol Merrill, said it best: when you switch to [...]
This is a red-letter day, no question about it. The Fed gave us opt-in, which means that new and existing account holders have to sign up for overdraft protection rather than be automatically enrolled when they open an account. But the fight is far from over. As Eric Halperin of the Center For Responsidle Lending, [...]
On November 19, which happens to be my birthday, “Overdrawn!” will screen on Capitol Hill. Here’s an electronic version of the press release, with links:
11/6/09 FOR IMMEDIATE RELEASE
Contact: Karney Hatch, karneyhatch@gmail. com
“Overdrawn!” Screening on Capitol Hill
Ralph Nader to head panel of experts at Q & A
WASHINGTON, D.C. - - “Overdrawn!”, a documentary on predatory lending [...]
A woman pissed off about Bank of America jacking her interest rate up to almost 30% has called on others in her situation to join her in a debtor’s revolt. Even a year ago I’m not sure I could have supported such extreme action - I’m in favor of legal change. Now that the banks [...]
Americans For Fairness in Lending is a group working for financial justice across the lending landscape, from Tax Refund Anticipation Loans to mortgages (and of course overdraft fees). I encourage everyone to sign up and maybe send a few pesos their way. Once you’ve registered with them, go ahead and write to your congressperson to [...]
Michael Moore’s latest, “Capitalism: A Love Story”, is his most ambitious film to date and establishes him firmly as our nation’s class clown. It demonstrates once again why his films play better at the multiplex than they do in academia: they’re entertainment, not serious critiques. It’s not that he doesn’t do his homework, it’s [...]