Banks and Finance

Minimum wage roundup: 1 step forward, 1 step back, 1 step ?

June 5, 2006 - Last week, the North Carolina House voted 72 to 43 to boost the state's minimum wage by $1. The Senate had already voted for a dollar hike in its budget, and Gov. Mike Easley -- who originally supported only an 85 cent increase -- is now backing the full dollar raise for over 100,000 workers.

Study finds mortgage discrimination

By R. Neal
June 1, 2006 - The Durham, NC based Center for Responsible Lending has released a new study showing widespread discrimination against Blacks and Hispanics in the mortgage lending industry:

Cracking down on abusive lenders: it works

February 24, 2006 - Each year, consumers lose $25 billion due to predatory mortgages, payday loans, and other lending abuses like overdraft loans, excessive credit card debt, and tax refund loans. These nefarious banking practices strip away wealth from low-income people and communities, and transfer them to powerful finance interests.

Kentucky Fried Chicken Derby?

By R. Neal
February 2, 2006 - For the first time in its 131 year history, the Kentucky Derby will have corporate sponsorship. Churchill Downs has signed a five year sponsorship deal with Louisville-based Yum Brands, owners of KFC, Pizza Hut, and other fast food chains. The event will be called "The Kentucky Derby presented by Yum!

Georgia Fat Cats

August 1, 2005 - Here's something to mull over while paying bills or pumping $2.00-a-gallon gas: the Atlanta Journal-Constitution's list of the highest-paid Georgia CEOs in 2004 (reg req'd).