Banking
While you were busy worrying about health insurance premiums and perhaps Donald Trump’s latest Tweet, the U.S. Senate spat in the face of American consumers this week. In a 50-50 vote that required Vice President Mike Pence to break the tie, the Senate voted to nullify a pro-consumer rule that was more than a decade…
Read More“Given the popularity of small banks and credit unions — which are among the very few financial institutions consumers view favorably — it’s no wonder the bigger banks want lawmakers to think they’re ideologically aligned with the little guy. But the truth is far different.” Read more of Paul Bland, executive director at Public Justice here on how Big…
Read MorePew Charitable Trust has surveyed the checking account paperwork of the major banks, producing two major studies showing the exhorbitantly long median length of the paperwork involved in opening these accounts and making suggestions for reform, including on overdraft fees and the reordering of withdrawals. Their most recent study from their Checking in an Electronic…
Read MoreGary Gensler, the Chairman of the Commodity Futures Commission, explains in the New York Times why consumers with interest rates in their contracts should care about the integrity of Libor–the London interbank offered rate–which is used as a benchmark average interest rate at which large international banks can borrow money. http://www.nytimes.com/2012/08/07/opinion/libor-naked-and-exposed.html?_r=1
Read MoreRobert Shapiro explains The LIBOR Mess in the Globalist today, noting that: LIBOR rates are a very big deal, because they are benchmarks for countless other interest rates. The majority of U.S. adjustable-rate mortgages, for example, are set at a LIBOR rate plus two or three percentage points. So are millions of student loans, auto loans…
Read MoreFAIR CONTRACTS’ OPEN LETTER TO BRIAN MOYNIHAN, CEO, BANK OF AMERICA October 4, 2011 Mr. Moynihan: On Monday afternoon, October 3, the Associated Press reported that Bank of America, your bank, America’s largest bank by numbers of deposits, had its share price sink “9 percent to $5.53, a level not seen since the financial crisis…
Read MoreCALL YOUR BANK TODAY and tell them not to mess with your debit card! Take action NOW: The media today is reporting that Bank of America and other large banks are going to or are testing whether to charge their customers a fee, as much as $5, for the customers’ "privilege" of accessing their own money with…
Read MoreContract:Sun Cash EFT Authorization K.pdf
Read MoreContract:New York Stock Exchange Subscriber Argeement For Market Data Display Services January 5 2010.pdf
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