Scoop has an Ethical Paywall
Feeling Unhappy In Your Relationship With Your Mega-Bank?...
...Maybe It Is Time To Break Up.
WASHINGTON, Feb. 14 /CSRwire/ -
This Valentine’s Day, the nonprofit Green America is highlighting the ethical abuses perpetrated by many mega-banks and urging fed-up consumers to “dump” bad banks. From questionable lending practices to financial support of environmentally destructive practices to abusive fees, big banks engage in behavior that should cause many Americans to reconsider their banking relationship.
Green America is encouraging American consumers to opt for community development banks and credit unions instead. Community development banks, credit unions, and other financial-services organizations, such as community development loan funds, measure their returns both in terms of financial profitability and social impact. These institutions are helping the hardest hit communities in the United States – the ones most devastated by the recent recession - rebuild.
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