Posted in Banks Investigations Pro Publica

JPMorgan Chase Bank wrongly charged 170,000 customers overdraft fees. Federal regulators refused to penalize it.

Documents and records show that bank examiners have avoided penalizing at least six banks that incorrectly charged overdraft and related fees to hundreds of thousands of customers. by Patrick Rucker, The Capitol Forum Monday, December 14,…

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Posted in Banks Debt News Pro Publica Safety Net

Capital One and other debt collectors are still coming for millions of Americans

As the COVID-19 pandemic hit, Americans got protection from evictions, foreclosures and student debt. But debt collectors have continued to siphon off their share of paychecks from those who still have jobs. by Paul Kiel and…

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Posted in Bailout 2020 Banks Common Dreams Coronavirus Energy Mining News

Big banks move to buy up fracking industry assets with coronavirus bailout funds

Critics Decry ‘Massive Step in Wrong Direction’     JPMorgan Chase, Wells Fargo, Bank of America, and Citi “Taxpayers shouldn’t be required to backstop oil and gas companies that were already in trouble prior to the…

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Posted in Banks Common Dreams Environment While we were looking elsewhere

From the while we were looking elsewhere department: New report takes aim at five banking institutions backing Amazon Rainforest exploitation

while we were looking elsewhere… Five of the world’s most powerful financial institutions are actively contributing to climate change by providing debt and equity financing for crude oil extraction projects in the Amazon.   by Eoin…

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