Housing & Wall Street Reform
Evidence clearly shows that the housing bubble and subsequent crash were the result of irresponsible deregulation, fraud by Wall Street banks, and poor decision making at every step in the home-ownership process. However, the pain the crash has been disproportionately felt by homeowners, particularly those from poor or minority backgrounds. Courage Campaign has worked to hold Big Banks accountable for their crimes and protect homeowners -- most notably through the passage of the California Homeowner Bill of Rights in 2012.
Public universities and community colleges are drowning in debt to Wall Street due to predatory loans, and the schools have responded by passing the cost of these bad loans on to students in the form of HIGHER tuition fees. We need the Dept. of Education to investigate this predatory lending now and you can help make it happen by clicking here!
The cost of living in San Francisco has spiraled out of control, but Mayor Lee refuses to act. Big banks and wealthy investors continue to build expensive new developments where only the wealthiest 1% can afford to live, driving up prices and forcing working families out of the city. Mayor Lee must start representing everyone who lives in San Francisco, not just the rich.
Please help us decide whether or not to weigh in on the fight for affordable housing in San Francisco around the 8 Washington development. Read the pro and con arguments to Propositions B & C and let us know where you stand as a Courage member. As a member-driven organization, Courage Campaign must consult with our members before taking an official position on ballot measures. We need 60% of our members to agree with our staff recommendation.
The Big Banks’ latest scam: working with payday lenders to intentionally overdraft customer’s account and collect millions in overdraft fees. Federal regulators can stop this — tell them to close the loophole now.
"Too Big to Jail". That's the message Attorney General Eric Holder just gave the Senate about the big banks. It's his job to prosecute criminals, he needs to get to work.
Four years in the making, the California Homeowner Bill of Rights was signed by Gov. Brown, ending the most deceptive and unethical practices of mortgage lenders. We proved that even in this age of unparalleled corporate power, a smart, creative, and relentless campaign can beat back the corporate lobbyists.Read More
Watch the video and see how Assemblymember Felipe Fuentes (D-Los Angeles) treats bank lobbyists in comparison to his constituents.
California's Attorney General, Kamala Harris, announced a new package of bills dubbed the Homeowners Bill of Rights, a powerful step toward ending the mortgage nightmare the Big Bank's have inflicted on California's homeowners.
Yesterday, Attorney General Kamala Harris announced that she would NOT agree to the current settlement deal with the Big Banks since it is "inadequate for California." She refused to join the settlement -- despite monumental pressure from the Big Banks, as well as the Obama Administration. Kamala Harris is a hero -- the spirit of courage -- fighting for right even if the establishment and conventional wisdom are against her.
UPDATE: AG Harris eventually signed onto a massively revised national settlement deal in January of 2012. Thanks to AG Harris the deal guaranteed $18 billion for California, a massive improvement over what had been initially proposed.
We helped pass a whopping 7 pieces of progressive legislation for California this year, including Election Day Voter Registration, the Homeowner Bill of Rights, a ban on Sexual Orientation Change "Therapy" for Minors, the California Secure Choice Retirement Savings Program, and Multilingual Ballot Measure Access.
UPDATE: We won! A strong Homeowner Bill of Rights was signed into law on July 11, 2012. All Democrats in the California Legislature supported it!
We did it! After four years of work, we passed the Homeowner Bill of Rights through the California Legislature. We proved that even in this age of unparalleled corporate power, a smart, creative, and relentless campaign can beat back the corporate lobbyists. It's a proud day, but corporate lawyers are no doubt already concocting new ways to try and work around the rules to gouge homeowners, renters, and the rest of the middle class.
WATCH our new video exposing Asm. Felipe Fuentes (D-Los Angeles) as he sells out the middle-class to do dirty work for the Big Banks. Fuentes refuses to back the Homeowners Bill of Rights, despite 381,461 foreclosures in Los Angeles County. $112,475 in campaign donations from the mortgage industry must be very convincing.
Right now, Sacramento legislators are deciding whether to vote for the interests of the middle-class or cave under pressure from the Big Banks. All the key votes will come from Democrats, but unless they know we're watching, they might vote with the banks. Challenge them to do the right thing!
Sen. Juan Vargas is chair of the CA Senate Banking Committee and a key vote on the Homeowner Bill of Rights. He's deciding whether to side with the Big Banks or with the millions of Californians who have or will be foreclosed upon. Hundreds of Courage members have flooded his office with calls demanding he support a strong Homeowner Bill of Rights. But he still doesn't get it. So we thought we could help him understand how it feels to be screwed over by the Big Banks and lose his home -- just like 360,598 people the counties he's supposed to represent.
California Attorney General Kamala Harris needs our help. Join her as a co-sponsor of legislation to make the Big Banks stop their abusive treatment of homeowners. Fight the Big Bank CEOs and their lobbyists by demanding real mortgage industry reform.