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
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 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
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
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
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
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
The Bush administration is not doing nearly enough to help people who are facing foreclosure.
February 22, 2008
Michelle Singletary devotes her "Color of Money" column in The Washington Post to the findings in our "State of the Dream" report.
February 10, 2008
