Posts Tagged ‘Wells Fargo’
‘This is how you serve your community’: Oakland churches get grant to put housing on their land
The Bay Area Local Initiatives Support Corp., a community development nonprofit based in Oakland, announced on Tuesday that it has received a $500,000 grant from Wells Fargo to help churches develop affordable housing units on their properties. The grant will be used for LISC’s Faith and Housing program, which centers on faith-based organizations serving communities…
Read MoreHomeowners confront Wells Fargo over foreclosures
Since California’s Homeowner Bill of Rights, a new law limiting the power of banks to foreclose, came into effect on January 1, homeowners in Richmond and Oakland have taken a more proactive stance in resisting foreclosures, protesting inside banking halls at Wells Fargo’s braches across the East Bay and forcing the bank to reschedule home sales.
Read MoreBay Area residents rally against Wells Fargo, foreclosures
Nearly 40 people rallied outside of the Wells Fargo branch on 12th Street and Broadway on Thursday, imploring the bank’s executives to change corporate policies they say are increasing home foreclosures in the Bay Area.
Read MoreCity Council poised to vote on two ideas aimed at combating foreclosures in Oakland
The City Council is slated Tuesday to vote on two different approaches to the problem of multiple property foreclosures in Oakland. One tries to help homeowners threatened with foreclosure in the city’s hardest-hit neighborhoods, while the other would require investors who snatch up properties under foreclosure to fix them up, both inside and out. The…
Read MoreDespite cancelled meeting, councilmembers discuss changing city’s banking contract
For the second consecutive time, the Oakland City Council’s finance and management committee failed to meet because not enough members showed up. The lack of a quorum—only Councilmembers Jane Brunner (District 1) and Patricia Kernighan (District 2) were present—shelved a resolution that would have taken away the power of the City Administrator’s Office to extend the city’s banking contract with Wells Fargo past this year, instead giving the power to the city council to negotiate a new deal.
Read MoreCredit unions see a boost in membership after Bank Transfer Day
Bank Transfer Day was an initiative started by a Los Angeles art gallery owner that urged people to move their money from commercial banks to credit union accounts by Saturday, November 5. According to the Credit Union National Association (CUNA), a Washington D.C.-based coalition of state-chartered credit unions, 650,000 people have joined its member institutions since September 29, one week after the launch of the Occupy Wall Street protests.
Read MoreIn front of downtown banks, some protesters smash windows while others urge peace
In front of downtown Oakland banks, some protesters staged peaceful and even comic demonstrations, while others smashed windows, blocked access to ATMs, and spray-painted graffitti.
Read MoreProtesters rally against Wells Fargo, close their accounts
Holding banners and large withdrawal request forms, about 30 customers gathered on Wednesday in front of Wells Fargo’s main branch in downtown Oakland to announce that they would close their Wells Fargo bank accounts to protest the bank’s foreclosure practices.
Read MoreOakland teachers ask banks for “bailout”
About 30 teachers gathered Thursday to demonstrate in front of three banks at the Rockridge shopping center at 51st Street and Broadway. McClymonds Teacher Craig Gordon explained the group was there to “demand that schools and public services be bailed out” the same way that banks were bailed out during the mortgage crisis.
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