Banks are neglecting foreclosed homes in minority neighborhoods compared to those in white communities, according to a housing advocacy group. Read more» 1
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Even as the U.S. Internal Revenue Service crusades against Americans using offshore banks to hide money, these tax experts say, the United States itself serves as a massive haven for international tax cheats. Read more»
A provision within the financial reform bill that would regulate debit card transaction fees could be postponed by a year or two following fierce objections from banks. Read more»
Banks will go to great lengths to protect overdraft fees, which are big business. Banks make more on those fees than they do on penalties from credit cards.
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Businesses, trade groups and other interests hired more than five lobbyists for each member of Congress to influence financial regulatory reform legislation pending before the Senate, according to a Center for Public Integrity analysis.
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