www.CUNA.org/newsnow (01/15/2010) Comedian Bill Maher, saying consumers are stuck in "an abusive relationship" with their banks, has jumped on the "Move Your Money" bandwagon started by Huffington Post. The campaign urges consumers to move their money from big banks to credit unions and community banks.
Maher's article, "Stop the Abuse: It's Time to Break Up With Your Big Bank," on gather.com notes that the "too big to fail" banks are convinced "they can get away with anything -- because they always have." But, he says, consumers "don't have to put up with this nonsense."
He suggested moving money "out of these big banks and put them into smaller, local, community banks and credit unions that are more likely to see you as a person, not as an account number... and also to reinvest in the community where they are." The article and a video are also posted on the website.
Last week the Post's "Move Your Money" campaign included an article by Credit Union National Association President/CEO Dan Mica and also a link to CUNA's credit union locator at creditunion.coop (News Now Jan. 8).
Visit the Move Your Money website.
More on Move Your Money campaign.