Homeowner advocates go after Wells Fargo’s bottom line (Added video/link)
Last edited Tue Jun 25, 2013, 12:48 PM - Edit history (1)
http://www.laactivist.com/2013/06/24/homeowner-advocates-go-after-wells-fargos-bottom-line/
The protest was organized by Occupy Fights Foreclosures, an Occupy Los Angeles subcommittee that has been assisting homeowners against what they say are fraudulent banking practices. Occupy Fights Foreclosures, or OFF, has been staging several protests at various banks since forming in late 2011. They have conducted several Occupy-style demonstrations where activists barricade foreclosed homes from police and mortgage servicers while homeowners try to save their homes through direct negotiations or through the court system.
Saturday’s action is part of a larger campaign to get customers to withdraw their money from Wells Fargo and into a community bank or credit union.
“Wells Fargo has been one of the most predatory lenders and abusers in this foreclosure crisis,” said Carlos Marroquin, an OFF organizer.
In May, New York state’s attorney general announced plans to sue Wells Fargo, as well as Bank of America, over allegedly violating the terms of last year’s mortgage settlement. The $25 billion-dollar settlement involved five of the nation’s major banks over fraudulent foreclosure practices.
(Much more at the link.)
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Activists protest America's banks over foreclosures
http://www.presstv.ir/detail/2013/06/25/310680/activists-protest-americas-banks-over-foreclosures/
Activists with Occupy Los Angeles and Occupy Fights Foreclosures are kicking off a new campaign against America’s financial institutions.
Occupiers say banks like Wells Fargo are fraudulently foreclosing on tens of thousands of homeowners nationwide.
They say while the 99 percenters are losing their homes, the banks are making record profits.
Over the past 3 years, Wells Fargo has reported profits of more than 50 billion dollars but has received state and federal tax breaks totaling 18 billion dollars.
(More text and a video report at the link. Solidarity with our fellows at Good Jobs LA!)