Education secretary (and Ponzi-scheme billionaire heiress, anti-public-education crusader, and sister of notorious war criminal Eric Prince) Betsy DeVos just killed the recent Department of Education/Consumer Financial Protection Bureau guidelines that banned dirty bill-collectors from going after people with delinquent student bans. — Read the rest
Wells Fargo got caught ripping off millions of customers by setting up fake accounts in their names, then billing them for "services" related to those accounts, sometimes tanking their credit-ratings, costing them jobs, even their houses — but the company says you're not allowed to sue them because their employees fraudulently signed your name to a "binding arbitration" agreement that forces you to take your case to a fake judge whose salary they pay.
A prepaid debit card company's lobbying efforts in Washington are paying off. Congressional Republicans are seeking to repeal limits to the amount banks can charge customers in overdraft fees. The company is Total System Services, and it stands to make tens of millions of dollars when the GOP starts letting it charge exorbitant overdraft fees. — Read the rest
One after another, ex-Wells Fargo employees have come forward to reveal that when they blew the whistle of millions of frauds committed against the bank's customers, the bank's management fired them and blackballed them from the banking industry for life, by falsifying claims of wrongdoing on a semi-secret list of corrupt bankers that is consulted by the industry before they make new hires.
Here's two hours of Democratic and Republican congresspeople not taking any weaselly bullshit from disgraced Wells Fargo CEO John Stumpf.
In September 2016, Wells Fargo was issued a combined total of $185 million in fines for creating over 1.5 million checking and savings accounts and 500,000 credit cards that its customers never authorized.
DNC chair Debbie Wasserman Schultz is the establishment candidate's establishment candidate: she co-sponsored SOPA, blocked reform of loan-sharking payday lenders, voted against marijuana law reform, called for the prosecution of SOPA, and chaired Hillary Clinton's 2008 campaign. She's served six terms in office and never had to face a primary challenger, until now.
A federal judge called America's move to forced arbitration and bans on class-action suits — bans favored and enabled by Scalia — "among the most profound shifts in our legal
history."
Debbie Wasserman Schultz is a powerful, corrupt Democratic Party official, the chair of the DNC who has tilted the rules to give the advantage to Hillary Clinton (Wasserman Schultz co-chaired the Clinton 2008 campaign), publicly threatened staffers who questioned her Clinton partisanship, voted against medical marijuana, co-sponsored SOPA, demanded the extradition and prosecution of Edward Snowden, takes massive corporate donations, and stands unopposed for the Democratic Party nomination in South Florida in every election — except this one.
A third of people who complain about debt-collectors who break the law say they don't even owe the money under discussion. Of the victims who complained to the Consumer Financial Protection Bureau about being hounded for money they don't owe, two thirds say they never owed it, and a third say they had already paid it off. — Read the rest