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Nation Topics - Banking Predatory Lending | The Nation

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Nation Topics - Banking Predatory Lending

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News and Features

To solve the subprime mortgage crisis, start with aid for vulnerable homeowners, smarter economic policies and a more competent Federal Reserve Board.

Our mission is to take feckless teenagers like you and turn them into full-fledged debtors.

The rickety financial skyscaper known as the subprime mortgage business is ready to tumble--and the rest of us may be buried in the rubble.

With Democrats in control of Congress, prospects for regulating subprime lenders have improved. But don't hold your breath.

Banks no longer lend money to people able to pay them back. Now they trap the poor, the sick, students and elderly people into signing up for credit cards and watch the fees pile up.

As the housing market flattens, the poor pay the price for the greed and stupidity of the real estate and banking bigwigs.

As we head into Summer 2006, the world capitalist system is out of control.

As Congress jacks up the rates students and their parents are paying for college loans, the consequences are already being felt by young people whose ability to have a child or own a house is limited by debt.

New federal guidelines for banks and credit card companies that boost minimum monthly payments have wreaked havoc on American families struggling to pay their bills and avoid bankruptcy.

We're on our way to being a society of economic zombies, half dead and half alive, buried in debt but prevented by credit card companies from declaring bankruptcy.

Blogs

Wells Fargo workers are protesting the bank’s predatory practices.

April 13, 2015

The debt crisis has little to do with poor budgeting and everything to do with crony capitalism.

March 4, 2015

Federal prosecutors want to put one in prison for taking kickbacks for doing political favors. The other has been richly rewarded for defrauding investors and saving fellow bankers from criminal prosecution.

January 27, 2015

Activists want to draw attention to some of the most predatory financial companies.

August 12, 2014

The mayor-elect also named an aide as his chief of staff.

December 23, 2013

The settlement with one of the nation’s biggest banks is historic—what should be next?

November 20, 2013

Bank accountability activists continue to send a clear message to the big banks: “You can run, but you can’t hide.”

April 30, 2013

The Strike Debt movement is planning a Rolling Jubilee—a bailout of the people, by the people. 

November 12, 2012

The great progressive senator fought an often lonely battle to prevent banks and credit card companies from rigging the system against working families. His ally then is running for the Senate now.

October 25, 2012

If every trade carried a cost, how quickly do you think Wall St. would rein in the robots?

August 3, 2012