da-parish Blogs

da-parish Blogs
Blogging is a new "feature" of the internet. It allows an easier way to update web pages and gives a "log" type setup with some automatic features. This is the second Blog I've created, the first can be seen here. Archives 10 February 2002 07 April 2002 03 August 2003 17 August 2003 28 September 2003 05 October 2003 12 October 2003 19 October 2003 02 November 2003 09 November 2003 16 November 2003 30 November 2003 18 January 2004 08 February 2004 15 February 2004 29 February 2004 07 March 2004 21 March 2004 28 March 2004 04 April 2004 11 April 2004 18 April 2004 25 April 2004 20 June 2004 11 July 2004 16 January 2005 06 February 2005 06 March 2005 13 March 2005 20 March 2005 03 April 2005 10 April 2005 17 April 2005 01 May 2005 19 June 2005 10 July 2005 24 July 2005 31 July 2005 11 September 2005 18 September 2005 25 September 2005	2005/03/11 Opposition to Hibernia Bank-Capital One Merger Mounts BizNewOrleans.com has reported that Inner City Press/Fair Finance Watch (ICP), a community advocacy group based out of The Bronx, NY has already filed a formal complaint with the Federal Reserve Board in Washington, D.C. and the Federal Reserve Bank of Richmond. In the complaint, Executive Director of ICP, Matthew Lee, mentions the "lending disparities and the two banks' enabling of high-cost payday lenders, pawnshops, rent-to-own stores and other predatory fringe financial institutions". In its complaint, ICP also mentions the suit filed against Capital One for false advertising by the State of Minnesota District Attorney as well as the above the norm rates of Hibernia denying home loans and other credit to blacks and other low-income applicates. Hibernia is also mentioned as providing loans to payday loan shops and rent-to-own shops. Locally, the Chief Executive Officer of Capital One, Richard Fairbank, has been holding meetings with Hibernia employees promising that operations at the bank will stay the same and that layoffs will be minimal. Because Capital One is not a bank, there will not be much overlap in employees between the two businesses and the banking operations will remain here in Louisiana. Although the banking operations will remain here in New Orleans, the Hibernia name will disappear once the deal is finalized sometime in the third quarter. Times-Picayune Article Google Search on the Merger Bayou Buzz Commentary Be good to yourself, Westley Annis westley@da-parish.com ============================================================= Got Tech Questions? We wrote the book! AnswerSquad Feel free to forward this to anyone you think is interested. Want to get your own copy? Visit our web site at http://www.da-parish.com to sign up or send an email to daparish-subscribe@yahoogroups.com posted by Westley at 3/11/2005 10:28:00 PM Comments: Post a Comment HOME

Opposition to Hibernia Bank-Capital One Merger Mounts