Predatory Practices in Financial Institutions

By James C. Sturdevant, Esq.

April 2010

In his 2010 State of the Union address, President Obama promised financial reform in response to the banking industry’s reckless speculative manipulations. Sturdevant, an expert in consumer class actions, examines these proposals and the need for changes in the system, most notably related to the innumerable and increasing fees and penalties that banks and credit card companies charge their poorest customers (such as those on Social Security or other fixed income) through which exploitation they generate billions.