For the first time since the '30s, the 99 percent stood up and pointed out the real culprits -- Wall Street and the politicians they own. People listened, they heard, and began to believe.
None of this will come easy. But this report lights the way. It should be repeated in city after city, in state after state, so that everyone can see just how Wall Street is impoverishing the richest country on Earth.
Those already squeezed may soon feel choked as a new, coordinated effort among the U.S. Department of Justice and federal banking agencies threatens to further restrict access to credit.
Henry Ford said, "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there wou...
Someone who uses an out-of-network ATM five times per month is looking at a monthly expense around $20 to $25, or $240 to $300 per year.
With such a low percent of net interest margin, the best possible outcome on a loan for these money making lenders is to get paid back all of its principal and make a small spread on the interest.
If you're in a banking relationship that you're unhappy with -- of if you're looking to open a new account at an institution -- it's wise to figure ou...
A new progressive populist movement is rising up in the United States. Inspired by an expansive vision of greater economic opportunity for all Americans, this new movement is also fueled by anger over politicians' broken promises.
Along with former Senator Alan Simpson, Erskine Bowles has become known to much of the public as the co-chair of President Obama's deficit commission. The two of them produced a report that is viewed by many in the media and leading Democrats in Congress as providing the basis for a "Grand Bargain" on a long-term deficit reduction package.
U.S. banks and credit unions, preparing for proposed changes to how they must estimate credit losses, anticipate they'll eventually need to boost allo...
At a time when financial markets are dominated by computer-driven high frequency trading that has little benefit for the real economy, a tax of even a fraction of a percent could encourage longer-term sustainable investment.
The wealth of crowdsourced, peer advice allows us to make an informed decision when we decide how to spend our money. But, why don't we practice this ritual when picking a bank, a credit card or any other financial product?
In a world where everything has transitioned to be modern, fast, and efficient, more and more banks are downsizing their branch networks, raising the question: Do bank branches still matter?
Today, there is extra urgency behind the need for a shift toward innovation: many new financial services competitors that are small, nimble and on the cutting edge of technology entered the market right after the financial crisis, when established firms were busy licking their wounds. The old guard is going to need to stay on top of innovation just to keep up with the new guard.
Young families, military families and low-income people who may not make six digits but have good credit are, for all practical purposes, blocked from owning a home by requirements for high credit scores and down-payments.
Thirty years ago, what Apple announced it was going to do was democratize computing. Back then, the idea of a computer that was personalized to people -- with a mouse and graphics and a warm experience for the user -- was revolutionary.