Predatory Lending

The Color of Credit (Op-ed)

Charles Steele Jr., of the Southern Christian Leadership Conference, builds on our report "Foreclosed: State of the Dream 2008," in a critique of proposals to ease the credit crunch. The Washington Post. June 23, 2008

Credit Crunch Reveals Economic Racial Divide (Op-ed)

Jose Garcia of Demos uses data from our State of the Dream report in his recent op-ed. From the Hartford Courant.
June 2, 2008

Wells Fargo Challenged on Racial Inequities

On April 29 in San Francisco, members of Responsible Wealth will present a shareholder resolution requesting that the company explain racial and ethnic disparities in its sub-prime loans. April 25, 2008

Western Union Shareholder Resolution 2008

The federal law known as the Community Reinvestment Act (CRA) obligates federally insured banks and depository institutions to help meet the needs of communities in which they operate.  No such law exists for money transfer agencies like Western Union. April 15, 2008

Town Hall Meeting Focuses on Harmful Banking Practices

Town Hall Meeting in Boston with Rep. Barney Frank, Mass. AG Martha Coakley Focuses on Harmful Banking Practices, Rising Credit Card Interest Rates Hurting Working Families and Consumers. Co-hosted by Service Employees International Union (SEIU), the Massachusetts Public Interest Research Group (MassPIRG), and UFE. March 19, 2008

Progressive Taxation Needs Your Voice

With the president and some presidential candidates saying they want to make the Bush tax cuts permanent -- even as we face a recession -- progressive taxation desperately needs your voice. Please consider helping the fight to preserve the estate tax by joining us in Washington, DC, March 18-19, to lobby your Senators and Representatives in Congress. February 29, 2008

A Community Approach to Affordable Housing

In their article "A foreclosure-free option," Responsible Wealth member, David Abromowitz, and his colleague Roz Greenstein discuss the use of Community Land Trusts (CLTs) to provide a community-based alternative to subprime mortgages as a way for low-income folks to become and remain homeowners. (From UFE's Enews.) February 29, 2008

Bank of America Benefits from Lending Crisis, Taxpayers to Foot the Bill

While many homeowners stand to lose their homes due to predatory lending, Bank of America is setting itself up to shift millions of dollars of corporate taxes onto taxpayers. (From UFE's Enews.)
February 29, 2008

Subprime Lending Crisis Gets Racial Perspective

Our report, "Foreclosed: State of the Dream 2008," is getting a lot of attention. By pointing out the destructive nature of predatory loans for people and communities of color, we hoped we would make people see the issue in a new way. We are pleased that it seems to be working. For example, we've heard from federal policy makers as well as many social justice and social change organizations. (From UFE's Enews.) February 29, 2008
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