Posts Tagged ‘Banks’

  • San Francisco-based bank targeted in overdraft fees suit Wednesday, July 27, 2011 � by jg

    Associated Press: Union Bank is one of dozens of financial institutions facing similar claims that they unfairly manipulated the order in which debit purchases were processed to increase overdraft fees.

  • Banks find more ways to stick their hands in consumers’ pockets Monday, November 8, 2010 � by jg

    Wall Street Journal reporter Jessica Silver-Greenberg says banks are raising minimum payments to try to force late fees, charging for credit protection insurance without permission, and attaching all kinds of fees to prepaid cards that aren’t covered by new federal regulations.

  • She takes on the banking industry Friday, March 26, 2010 � by jg

    New York Times: A profile of Elizabeth Warren, who oversees the TARP program and is pushing for a consumer financial protection agency.

  • Megabanks face legal action on abusive overdraft fees Tuesday, March 16, 2010 � by jg

    Daily Business Review: A class action suit against the nation’s biggest banks may go forward after a federal court ruling in Miami.

  • Consumer Financial Protection Agency may not happen Friday, January 15, 2010 � by jg

    The Wall Street Journal reports Senate Banking Committee Chairman Christopher Dodd is considering scrapping the idea of creating a Consumer Financial Protection Agency, but would insist on the creation of a beefed-up consumer-protection division within another federal agency.

  • Bowed but far from broken, big banks still hold sway Monday, November 16, 2009 � by eric

    Financial institutions, including several banks that received taxpayer bailouts, spent almost $4.01 million on lobbying in Sacramento in the first three quarters of the year as they sought to blunt legislation to rein them in. The industry successfully blunted and blocked several bills intended to provide consumer protections and halt abuses that led to the worst recession since the Great Depression.