Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
16 hours ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago