Earlier this month Wells Fargo was fined an extraordinary sum because of pervasive fraudulent banking operations. Missing from the headlines is the full backstory of how the bank’s predatory and high-pressure sales tactics came to light. Wells Fargo is finally starting to be held accountable, in part due to pressure from… Read More»
Today, Amalgamated Bank announced that it will raise wages for all of its employees to $15 an hour, and in doing so, challenged the rest of the banking industry to follow in its footsteps to ensure more Americans have jobs they can sustain a family on. Just weeks after the… Read More»
On March 6, amid growing concerns that schools are receiving kickbacks from banks selling products and opening branches on their campuses, students at 20 campuses around the country delivered letters to their school’s administrators asking for increased disclosure about the details of these partnerships. Currently, colleges and universities are only… Read More»
On September 19, 2013 Senator Elizabeth Warren asked the Department of Education questions that many college graduates who took out loans have been asking for years about Sallie Mae. She wrote in a letter to the department: “While the government has been quite tolerant of Sallie Mae’s failings and helped… Read More»