It wasn’t always like this. Just a generation ago, the average family couldn’t get into the kind of financial hole that’s possible today. That’s because the law was different.
Fair lending laws
limited the amount of interest and fees creditors could charge protected consumers.
In the coming months, SEIU members around the country will join with consumer advocacy organizations, faith, and labor leaders to call on lawmakers to restore fairness to state and federal lending laws including:
-
Bring back
fair standards for fees and interest rates
on credit cards, bank accounts, and other bank products.
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Greater
community reinvestment
standards—including providing bank branches and fair loan products for low-income and communities of color.
-
Stronger
oversight of bank practices
and better
protections for consumers and working families
at the national and state levels.
-
Limits on how big the biggest banks
— and the reach of their harmful policies — can grow.
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You Can Help. Share Your Story.
Tell us how Big Banks’ high fees or credit card rates are hurting you and your family
— and get ready to help SEIU take this fight to your Member of Congress.
Send Your Story!
with this online form.
OR
Download
and return the completed form to SEIU State Council Director Jessica Stevens at SEIU Local 503, 6401 SE Foster Road, Portland OR 97206.
More info:
www.bigbadbanks.org
.
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