Truthout
Banks
Despite Net-Zero Promises, Big Banks Are Dumping Trillions Into Fossil Fuels
The world's 60 largest private banks have provided $4.6 trillion in financing for the fossil fuel industry since 2016.
We Need the Fossil Free Finance Act Now to Combat Wall Street’s Greenwashing
Major U.S. banks committed to net zero emissions by 2050, but they continue to support the fossil fuel industry.
Trump Appointee Resigns as FDIC Chair After Failing to Stymie Policy Review
Jelena McWilliams resigned after a kerfuffle over Federal Deposit Insurance Corporation's bank merger policy.
ALEC Is Pushing a Bill That Punishes Banks for Divesting From Fossil Fuels
The bill would block firms that end these investments from receiving state government contracts or managing state funds.
USPS Pilot Program Could Lead to Restart of Agency’s Nationwide Banking Services
The postal service charges fees that are significantly lower than what payday lenders charge customers to cash checks.
Warren Introduces Bill to Protect Bank Customers, Small Banks From Consolidation
Federal regulators haven’t formally rejected a bank merger in 15 years.
Former Sinema Aide Now Fights Tax Hikes as JPMorgan Chase Lobbyist
The bank is a top critic of Biden's proposed corporate tax hike and has donated $47,500 to Sinema's campaign and PACs.
Tlaib and Pressley File Bill to Force Fed to Divest Banks From Fossil Fuels
The bill requires the Fed to ensure bank financing projects are in line with the U.S.’s climate commitments.
IPCC Findings Illustrate Need for Banks and Insurers to Divest From Fossil Fuels
Financial institutions must take rapid, aggressive action to decarbonize our economy.
Predatory Banks at Walmarts Made Over 100 Percent of Profits From Overdraft Fees
Banks that earn most of their income from overdraft fees resemble payday lenders more than traditional banks.