Denouncing FleetBoston Financial Corp. as “the evil empire”, a group of consumer activists and legislators today expressed support for legislation that would require state approval for any new bank fees.
You’d think that someone willing to pay the Boston Globe $25,000 to place an ad that merely publishes information already available to any Fleet Bank customer would find himself fighting off ad reps. Well, think again.
A 1994 agreement between Boston banking activist and Fleet Financial Group Inc. was highlights on the Senate floor yesterday as a prominent lawmaker argued for changes to a federal law that requires banks to loan money to low-income homebuyers and urban businesses.
More than five years following NACA’s campaign against Fleet Financial Group, a prominent Senator tries to take on NACA CEO Bruce Marks Community Reinvestment Act.
A Florida couple nearly loses their home to a predatory home equity loan from The Associates, until Bruce Marks asked BancBoston to step in and rescue the family with a revolutionary refinancing program.
Through continuous advocacy NACA CEO/Founder Bruce Marks was able to take down Fleet and garner a commitment of more than $100 million dedicated to NACA’s best in America mortgage program.