Move Your Money
If your financial advisers are supposed to work as fiduciaries (that is, putting your interests ahead of their own), yet support presidential candidates who want to make us second class citizens again, are they really serving your best interests?
"Bank black, bank small and bank local."
First, many times products are packaged in bulk and sold at a discount to encourage more sales. Consumers can take advantage
Most of all, it's personal when I see Wall Street can get away with things that those of us on Main Street cannot. They all
Ordinary people are still just important to being the driving force for free market discipline today as they were in 2009. You can never have too much transparency when looking at "boring banks."
Better Banking Through Transparency: How Communities and Consumers Can Monitor and Grade Bank Practices
Communities across the country can easily utilize a CIRC system for assessing the banks that serve them.
The lessons from this event underscore some of the rules of business today -- rules that echo basic tenets of trust and good, old-fashioned customer service. Simply put, customer relationships do not begin and end at the transaction.
What if $2 trillion dollars of corporate, brokerage and fund money began to migrate back to Main Street using the full 7,800+ population of banks instead of hyper-concentrating in under 100 too big to fail institutions?
As The Huffington Post reported earlier, the reopening of an old account can be unexpected at best and costly when overdraft
Bank of America is likely about to lose a very prominent customer. Even though others are doing it, it’s unlikely Obama’s
Meanwhile, small- and mid-sized banks -- another alternative for mom-and-pop customers and small businesses -- have closed
Wells Fargo pissed off the wrong customer. Bove's comments come as the disconnect between banks' business strategy and customer
Even for consumers who make a switch to a new institution, old accounts are not easily shuttered. Many banks will reopen
Shouldn't money have some relation to actual wealth? Isn't wealth not just numbers on a screen, but something like those things and services that meet human desires, produced by labor and using the fruits of the Earth?
In December 2009, my friend Arianna Huffington called with this idea to educate "ordinary" people about the financial system. We called that project "Move Your Money" and the tool has been running ever since.
Globally, a burgeoning movement for local, cooperatively owned and community-oriented banks is blazing the trail toward a new, sustainable form of banking.
The "New Economy Movement" is a far-ranging coming together of organizations, projects, activists, theorists and ordinary citizens committed to rebuilding the American political-economic system from the ground up.
When individuals, religious institutions and local and state governments decide to move their money, it puts direct pressure on banks and on the federal government to change their policies. Cities and states have incredible leverage if they chose to use it.
The goal: to wrest control of our democracy back from the robber barons and CEOs that systematically block any effort to create an economy and a body politic that serves the needs of the vast majority of Americans and not the elite few.