A day before the first set of school closings was set to begin, Chicago Teachers Union President Karen Lewis had some harsh words about how the Chicago Public Schools are funded and managed, blaming much of the district’s problems on racism.
The union that represents Chicago firefighters is getting behind a proposal that would prevent banks from kicking out renters during foreclosure proceedings.
Housing advocates have thrown their support behind an ordinance introduced to the Chicago City Council, saying it could help renters and keep neighborhoods safer.
Senator Dick Durbin said today that some of the nation’s biggest banks are now offering what are essentially payday loans, with interest rates as high as 400-percent.
The Emanuel Administration is proposing changes in its ordinance requiring banks to clean up vacant, foreclosed properties.
JP MorganChase will open four new bank branches in Chicago and add more than 400 jobs by the end of 2012.
The City Council on Thursday passed an ordinance that holds banks responsible for maintaining properties once they have foreclosed upon them and left them vacant.
Surprisingly, banks may pull your credit card if you’re paying your bills on time but not using the plastic enough. CBS 2′s Rob Johnson explains.