Memos

Behind The Financial Industry’s Rhetoric That Overdraft Fees “Save Customers Money” Is A Much Costlier Reality For Consumers

Economic Security and Corporate Power
September 21, 2022

In January 2022, the Consumer Financial Protection Bureau (CFPB) launched an initiative to save consumers billions of dollars in exploitative “junk fees,” including overdraft fees. In 2019 alone, large banks earned approximately $15.47 billion from overdraft and non-sufficient funds fees.

Reports

Shady Multi-Level Marketing and Direct Selling Companies Received $100M in PPP Funds Despite False Claims About COVID-19 Treatments, History of Deceptive Marketing

Economic Security and Corporate Power
January 19, 2021

While hundreds of thousands of small businesses have closed across the country, direct selling companies – which frequently utilize predatory multi-level marketing practices – received over $106.4 million in PPP loans.

Reports

Black-owned Small Businesses in Buffalo Area Left Behind by Trump Administration’s PPP Program

Economic Security and Corporate Power
September 8, 2020

Report finds significant racial disparities in the awarding of loans in the Buffalo, New York area under the Small Business Administration’s Paycheck Protection Program. The disparity and favoritism seen in the Buffalo area under the SBA’s PPP program unfortunately mirrors a national trend.

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