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SB 558 – Foreclosure Mediation Bill – Last summer, in reaction to a court ruling that put an end to the public recording shortcut banks were taking with the help of MERS and a mediation law that the big banks didn’t want...
In the wake of the financial crisis, calls for increased accountability on Wall Street were answered by the passage of the Dodd-Frank Act, which enacted increased oversight of the financial industry and established the Consumer Financial Protection Bureau. The banking industry has...
Happy Holidays to all of our friends, supporters and fellow advocates! Let me take a moment to look back at some of the highlights from EFO’s first year, and share my hopes for the year ahead. First and...
The calls for big bank accountability have finally been heard – at least in Massachusetts. The state’s Attorney General, Martha Coakley, filed suit against the country’s largest mortgage servicers today for their roles in the nation’s housing collapse and ensuing economic crisis....
An article in this weekend’s Oregonian highlighted the myriad contracts the state of Oregon has entered into with various contractors. As a consumer advocacy group, EFO strongly supports transparency in both the actions and expenditures of government and the individuals and groups...
This post is also available on our Move Your Money website, an excellent resource for anyone considering the benefits of banking local. Pay us a visit at moveyourmoneyor.com! Bank Transfer Day was a great success! From Portland to Poughkeepsie, customers...
EFO has been selected as a finalist for the Excellence in Consumer Advocacy Award, an honor that comes along with a $25,000 prize thanks to Consumers Union! That kind of resource boost would be huge for a small non-profit...
EFO launched a website this week dedicated to helping one Oregon man save his home. Homecoming Without a Home highlights the case of Bend resident Tim Collette, who is slated to lose his home to Chase Bank on the courthouse steps...
On the heels of our statewide banking report featuring Oregon’s fee-riddled ReliaCard, new national attention has brought added focus to Oregon’s bad deal. National Consumer Law Center recently released a report on unemployment benefit cards, in which Oregon received...
These words of wisdom reflect a hard learned lesson for Portland resident David Yudkin. As co-owner of local pie institution Hot Lips Pizza, he’s seen that phrase become more and more relevant in recent years. While all of us...