Banking and Our Values

Banking and Our Values

Additional Information and Resources

The resources on this page provide additional background and updated information on banking abuses and how they can be addressed.

A report from National People's Action, Profiting from Poverty, shows that payday lenders continue to take billions in profits from poor communities each year, and that these businesses are funded by the major U.S. banks which also share in these profits (January 2012)

Center for Responsible Lending's report, Predatory Payday Lending by Banks on the Rise, shows that some of the major banks are getting into the payday lending business directly, making payday loans directly to their customers (July 2011).

Big Bank Payday Loans: High-interest loans through big banks' checking accounts keep customers in long-term debt  Center for Responsible Lending, July 2011

Abuses in foreclosure practices  Reuters, July 18, 2011

In Financial Crisis, No Prosecutions of Top Figures New York Times, April 14, 2011

Naming Culprits in the Financial Crisis  New York Times, April 3, 2011

Steering of minority populations to higher cost mortgages  ConsumerAffairs.com June 30, 2010

Decades of Gains Vanish for Blacks in Memphis  New York Times, May 31, 2010

Minorities Affected Most as New York Foreclosures Rise  New York Times, May 15, 2009

Homeownership Losses are Greatest Among Minorities  New York Times, May 12, 2009

Racial Bias in Ohio Mortgage Lending Cleveland Plain Dealer, February 3, 2009

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Contact Info

Edith Rasell, Ph.D.
Minister for Economic Justice
700 Prospect Ave.
Cleveland, OH 44115
216-736-3709
raselle@ucc.org