Angry Over Unfair Mortgage Practices, Churches Pull Money From Wall Street Banks

Even though their profits are rising, Wall Street banks have begun getting bad news from the 99 Percent Movement. More than 40,000 people moved their money from banks to credit unions on Bank Transfer Day earlier this month, bringing total new credit union enrollment up to more than 650,000 since the beginning of October. For the 10 largest banks, that could mean about $185 billion in lost deposits next year alone.

Angry Over Unfair Mortgage Practices, Churches Pull Money From Wall Street Banks

HERE By Travis Waldron on Nov 23, 2011 at 3:30 pm

Now, a new coalition of groups is planning to move even more money off of Wall Street. Angered by predatory and often discriminatory mortgage lending practices that continue to come to light, an inter-faith coalition of churches and religious organizations is pledging to move as much as $1 billion away from the nation’s biggest banks, the Washington Post reports:

Full Reports HERE