Banking

Senate spits at consumers; ending ban on lawsuit fine print a gift to banks

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…

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Big Banks are Hiding Behind Credit Unions to Get Away with Forced Arbitration

“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…

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Pew Charitable Trusts Initiative Leads to Simplified Checking Account Forms

Pew 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…

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Why Consumers with Interest Rates in their Contracts Should Care about LIBOR

Gary 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

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LIBOR and Bank Manipulation of Interest Rates in Fine Print Contracts

Robert 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…

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FAIR CONTRACTS’ OPEN LETTER TO BRIAN MOYNIHAN, CEO, BANK OF AMERICA

FAIR 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…

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A Monthly Fee To Use Your Debit Card? Just SAY NO to more bank fees!

CALL 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…

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Sun Cash EFT Authorization K

Contract:Sun Cash EFT Authorization K.pdf

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New York Stock Exchange Subscriber Argeement For Market Data Display Services January 5 2010

Contract:New York Stock Exchange Subscriber Argeement For Market Data Display Services January 5 2010.pdf

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