Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Editorial For Valentines Day break up with a bank
MADISON, Wis. (2/16/10)--For Valentine’s Day, consumers should break up with their banks, according to the Madison, Wis.-based Center for Media and Democracy. An editorial in Saturday’s Madison, Wis.-based Capital Times said the center hosts the Bankster USA Project “which is challenging both the abuses of big banks and the bailouts of those institutions by the federal government.” Banks have hamstrung American consumers with $700 billion in credit card debt because of exorbitant interest rates charged by the big four U.S. banks that issue 90% of all credit cards: Bank of America, Chase, Citi and Wells Fargo, the newspaper said. On average, big-bank issued credit cards charge interest rates that are 20% higher than those charged for local bank and credit union cards, the paper added. The paper adds: “This Valentine’s Day is the perfect time to end your abusive relationship with big banks that have a stranglehold on our country,” Bankster said. “They’ve been lying, gambling, cheating and they seem to think they can just keep getting away with it forever. Now’s the time to tell them you want to bank with someone who actually cares about you and whose interest rates don’t exceed their actual interest.” To read the editorial, use the link.
Other Resources

RSS print
News Now LiveWire
For the last 75 years, even in the most difficult of times, Mill Town #CU has been there for the community it serves. Read #NewsNow Tues.
9 hours ago
The 1st vid shows how consumer can become victim and, advice to those who think they've been targeted. http://t.co/hr9VHpzEze
13 hours ago
.@TheNCUA has released two videos designed to raise awareness of elder financial abuse. http://t.co/iddSxr7H40
13 hours ago
Celebrate #100MM with @MDDCCUA1 at Orioles v Blue Jays tonight at Camden Yards
13 hours ago
The At Home In Lawrence mortgage program from @MetroCU is designed to help revitalize Lawrence, Mass.
14 hours ago