Tell Banks to Stop Funding Pay Day Lenders!
Right now, big banks like Bank of America borrow money from the Federal Reserve at less than 1% interest, lend it out to payday lenders at 3%, who turn around and lend it to our communities at 400% interest or more. Instead of bolstering the middle class with small-dollar loans that would strengthen our communities, Bank of America has decided to back legalized loan sharks who prey on the working-class.
It's outrageous and one of the greatest wealth-stripping schemes of our time.
We know that our economy has been set up to protect the wealthy and powerful, and it’s harder than ever for working people to get ahead. Wall Street reaps record profits while our neighbors lose their jobs and homes. Corporations were allowed to sink billions of dollars into political campaigns, out-spending the labor movement by more than ever, with the sole purpose of protecting the interests of the rich—Bush tax cuts for millionaires, corporate tax breaks, and other anti-worker policies.
But their cash cannot be louder than our need for jobs and the right to organize during this economic crisis.
We want our money back! We demand that Bank of America, JP Morgan Chase, Wells Fargo and other banks stop funding payday lenders, and begin helping families by offering affordable, small-dollar loans, IMMEDIATELY!
Sign the petition to tell big banks to stop funding pay day lenders who strip all wealth from workers and our communities.