California’s Inland Empire was hit hard by the 2008 crisis, with disproportionate foreclosures on poor and working-class families, leaving neighborhoods blighted by empty, vandalized homes.
But then a funny thing happened: the rents in these blighted neighborhoods started going up and up and up, so that now 63% of tenants are paying 30%Read More
Famously, federally insured banks and credit-unions won’t take deposits from the marijuana industry, even in states where marijuana sales have been legalized; this leaves the weed industry dealing all in cash, from safes in the basement to sacks of money delivered to the tax-office by armored car.
There’s an alternative: state-backed publicRead More
It’s been a whole day since we learned about another example of systematic, widespread fraud by America’s largest bank Wells Fargo (ripping off small merchants with credit card fees), so it’s definitely time to learn about another one: scamming mortgage borrowers out of $43/month for an unrequested and pointless “home warranty service” from AmericanRead More