View Single Post
Old 05-17-2008, 02:53 PM
look look is offline
Join Date: May 2007
Posts: 2,886
Default Matt Lee to discuss predatory lending

From his small apartment -- operations core for Inner City Press -- near Arthur Avenue, he crunches lending data and publishes, as he did last week, analyses of racial and class disparities in bank lending. His passionate advocacy has stalled bank mergers across the nation.

Two years ago, his challenge persuaded Citigroup's CitiFinancial Credit Co. to pay a $70 million fine to settle Federal Reserve charges of impropriety in ladling out high-interest loans to the poor. That same year, J.P. Morgan planned to merge with Bank One. That stalled when Lee discovered Bank One financed usurious loans.

I nominate Megan McArdle to conduct the interview.
Reply With Quote