Study: Philly Has Highest ATM Fees in USA
Fer Gregory / Shutterstock Turns out, at least one of the citywide grunts you hear every day is warranted. A new study by Bankrate.com, an online aggregator of financial information, has found that Philadelphia banks charge their customers the highest rate in the country for using a “non-network ATM”—an average of $1.96. That number is what your own bank...
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DAILY GRINDER: Over 1,000 Black Philadelphians Get Funds From Wells Fargo Predatory Lending Settlement
Fer Gregory / Shutterstock An investigation stemming from July 2010 found that Wells Fargo Mortgage and Wells Fargo Financial Pa. Inc. violated the Pa. Human Relations Act when they discriminated by race, targeting African American borrowers for high interest loans regardless of their ability to pay. This, of course, sent many African American families throughout...
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Occupy Philly May Day Protests End in Two Arrests
Yesterday’s Occupy Philly’s May Day celebrations promised—through the animated depiction of UC Davis campus Police Lt. John Pike’s head ripped off and spouting blood like a Kill Bill action sequence—closing down banks throughout Philadelphia. That was at least the thought at 12:30 yesterday afternoon when a crowd gathered at the Wells Fargo branch at...
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WATCH: Occupy Philadelphia and Police Clash at Wells Fargo
Occupy Philadelphia protested around Center City today with the intention of taking their word to Philadelphia’s banks. While they were shouting obscenities regarding all banks (some the banking structure, in general), Wells Fargo seemed to be the main culprit. This is likely due to the School Swaps deal the bank infamously made with the Philadelphia School...
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Protesters Play Hockey on Broad Street to Protest Bank
Philadelphia-based community organizing group Fight For Philly staged a march through Center City yesterday afternoon in search of a bank to protest. And they found it in Wells Fargo on South Broad Street, where they set out to prove a point—by playing hockey. “They took over some loan deals,” says Eric Alick, a member of the group, “and of course they...
Continue ReadingWells Fargo to Charge $84 Per Year for ‘Small’ Checking Accounts
According to PhillyDeals, Wells Fargo bank is set to impose a $7/month fee on checking accounts. The fees are set to begin in June, specifically for customers using their “Essential Checking.” The only way not to get nailed by the fee: Have at least $1,500 in your account at all times or deposit at least $500 during the month. Or, if you do all your bill...
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Report From Fight For Philly’s Wells Fargo Rally
Local community activist group Fight For Philly held a series of rallies yesterday opposing Wells Fargo bank. Specifically, the corporation’s role in the “school swaps” deals which have become the subject of public scrutiny since a report was released last week, partially blaming big banks for the Philadelphia school district’s money woes. The main rally...
Continue ReadingBank Transfer Day: Philly to Raise Awareness Nov. 1
As we reported earlier this week, November 5th is Bank Transfer Day. Thousands of people from all over the country have vowed to opt out of the major commercial bank in which they currently store their cash, and move their money into an account with a local credit union as a message to the big banks. As Occupy Philly protester Christian told us on Wednesday of...
Continue ReadingWATCH: Wells Fargo-Beating Homeowner On ‘Fox and Friends’
Patrick Rodgers, the Philadelphia promoter who famously took on Wells Fargo over his home insurance policy and won, appeared on Fox and Friends late last week to talk about his case (no, he thankfully wasn’t interviewed by either Steve Doocy or Gretchen Carlson). Check it out below: Rodgers previously won a $1,000 default judgment against the banking giant...
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PHA Executive Director Foreclosed On
Those green Southwest Philly projects sound pretty cool, and Carl Greene, the executive director of the Philadelphia Housing Authority, may get to find out first hand. Turns out, Greene is having trouble paying his own mortgage and the big dogs (Inky and the Daily News) obtained court records showing a “dispute” with his mortgage company over $386,685.22....
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