Neighborhood Assistance Corporation of America (NACA) had a press conference in the office of Representative Butch Parrish, in the Capitol. NACA supporters and predatory lending victims discussed how they were preyed upon by unscrupulous lenders who promised to help them but set them up for financial devastation and the likely loss of their home.
NACA Hails Passage Of Electronic Communications Act That Allows Internet Participation But Continues To Require Direct Annual Meetings
In a stunning defeat for AIM and EMC the Senate eliminated the sections of the Electronics Communication Act that would have allowed corporations to not have direct annual meeting.
Neighborhood Assistance Corporation of America (NACA) and United for a Fair Economy held a press conference in Senator Birmingham’s office to announce that shareholders will continue to be heard.
NACA Lodges Formal Protest to Fleet’s Acquisition Plans with the Federal Reserve Bank of Boston. With the results of Fleet Bank’s acquisition of BankBoston still stinging Massachusetts residents, Boston based Neighborhood Assistance Corporation of America (NACA) moved to prevent New Jersey consumers from suffering the same fate. Fleet’s acquisitions have dramatically reduced competition and service in the Northeast and have led to increases in fees and minimum balance requirements. “The burdens of Fleet’s insatiable expansion have fallen disproportionately on working people,” NACA’s CEO Bruce Marks says, ”New Jersey will provide Fleet’s newest victims.”
On Thanksgiving Eve, One Hundred Families Nationwide Will Close On Their New Homes Thanks To NACA’s Best in America Mortgage Program
On Wednesday November 22nd one hundred first-time homebuyers will gather in NACA’s twenty-one offices across the country to finalize the purchase of their own homes. Some of NACA’s 10,000 current homeowners will join them in a pre-Thanksgiving celebration of this momentous event.
Bruce Marks warns Congress of subprime and predatory lending and the potential risk for the housing and banking industry in general. He predicted the collapse of the economy in 2008. (TRANSCRIPT)
On Saturday August 26th at Cross Roads Bingo beginning at 10:00 a.m. the Neighborhood Assistance Corporation of America (“NACA”) will host up to one thousand people at the largest homebuyer’s workshop in the history of San Antonio. These homebuyers have hit the jackpot at Cross Roads Bingo by participating in the best Mortgage Program in America. Working people can purchase homes with No Down Payment, No Closing Costs, No Fees, and at a below market interest rate (currently at 7.25% fixed). Participants do not need perfect credit and they receive comprehensive housing services at no cost. This huge workshop is the result of the tremendous demand for NACA’s program in San Antonio.
Neighborhood Assistance Corporation of America (NACA) held a press conference outside the World Trade Center concerning Fleet’s abusive and deceptive privacy actions.
The Neighborhood Assistance Corporation of America (“NACA”) placed a full page advertisement concerning Fleet Banks Fees that was to be run on Monday April 17th. This ad, see enclosed, addresses the concerns of hundreds of thousands of New England residents over Fleet Bank’s imposition of fees on the residents of New England.
Wall Street Journal publishes in-depth article on Neighborhood Assistance Corporation of America (“NACA”).