NACA SOCIAL MEDIA GUIDELINES – MUST READ BEFORE POSTING

The following are the guidelines for this Forum and all NACA social media, including Facebook, Twitter, Google Plus, Pinterest, LinkedIn and Live Chat:

The following rules have always been posted near the top of the Forums page on the forum website at http://forums.naca.com, just above the links to the five forum categories:

Welcome to the NACA Forums! Please keep in mind that this is a public forum. Any derogatory, inflammatory or questionable content will be removed by administrators. Also, please DO NOT post any personal information, such as passwords, NACA ID numbers, or Social Security numbers; NACA Staff will never require this information on the Forums.

Disregard for the rules of the Forum and abuses of the Forum and other social media in general is not tolerated. Such activity hinders the effectiveness of the NACA social media efforts as tools for asking questions, sharing information and for those who are seeking help with problems in either the Home Save or Purchase programs. To prevent such abuses, the following rules apply for this Forum and all NACA social media:

F(orum) comes before E(mail):

Maybe not in the alphabet, but here in the forum, F comes before E. In other words, please post your question in the Forum rather than circumvent the system and send an Email to an address you happen to find in the forum. The forum exists for several purposes, not the least of which is the sharing of information that may be beneficial to many of our members.

Most of the questions we receive are more generic in nature than most people think. By posting a question in the Forum first, it can be most likely answered here in the Forum unless it involves specific information in your file. By handling the question or problem here whenever possible, other members experiencing a similar problem could get the answer and help they need more quickly and without making a single additional keystroke.

If responding to your post does require specific information, you will be advised on the best means of contact with us so any personal information can be communicated securely and confidentially.

The Forum Does Not Replace NACA Services:

The NACA Forum or other NACA social media are in no way a substitute for NACA Counseling and Advocacy services whether in the Home Save or Purchase Programs, and information found here should not be considered a replacement for communicating with a NACA counselor, Member Services rep or any other NACA representative. While much of the information here is general in nature and applicable to most situations, specific questions regarding your file cannot be addressed in this or any other public forum for privacy reasons. Additionally, every file has unique factors and issues of its own. Therefore, you should always attempt to communicate your questions and concerns with your Mortgage Consultant in the Purchase Program and with a Counselor, Member Services or other Member Assistance Program (MAP) representative. Our Member Services Department can be reached at 425-602-6222 from 8:30am to 5:30 pm Eastern Time Monday through Friday.

Keep it Civil:

Another serious issue is the tone used in some messages. We eagerly invite anyone who is having what they perceive to be any sort of problem with the NACA process or on line system to use the NACA Forum and social media channels as a means of reaching out to us with those concerns so we can help solve them in whatever way we can. However, please remember to compose your message in the same manner in which you would like to receive the response. As noted above, “derogatory, inflammatory or questionable content” has always been grounds for posts to simply be deleted without response, and will continue to be so. Deletion of any and all messages from any individual or group of people is at the sole discretion of the Forum administrators. This includes sarcasm as well as insulting and accusatory statements. While we are in fact eager to help with any problems that may occur, if you can’t write without being cynical, you may want to hold off a bit until you can be more rational in expressing your concerns.

No Personal Information:

While this one should be common sense, it is surprising how many people will post their name, NACA ID number and even their telephone number in a forum post or even on Facebook. Please remember that what you write here can be read by anyone on the internet. This is not a membership-restricted site, so please do not post any information about yourself here that you would not announce over a microphone to a crowd of twenty thousand people. Again, that personal information starts with and includes your NACA ID number. Never post it or any other personal information in a public forum, here or anywhere else on the web.

Oh, By the Way, Who Am I Talking To?

Under other circumstances, this would actually be funny. We far too commonly receive emails from members who go to substantial effort to make sure they have provided a wonderfully detailed explanation of their problem or question to insure we have all the information necessary to address their concerns… Then forget to include their NACA ID number, leaving us in the dark or doing detective work to find out which file we are dealing with.

It’s really a simple, common sense rule. NEVER post your ID in a public place, but ALWAYS include it, every time, in private communications such as an email or the Live Chat system available through the NACA website.

One Way or Another:

While we realize you intend to be thorough by doing so, posting the same message to the Forum, our Facebook page, and emailing it to a Forum administrator is actually counter-productive. Most likely, all three messages will go to the same person, which means answering the same question for the same person three separate times. This redundancy only slows down our response time to you and everyone else we are trying to help. So please limit yourself to one method when communicating with us.

Once is Enough:

Likewise, posting the same message in multiple threads in the Forum will have the same effect as posting through several different media.

Each still has to be addressed and responded to separately, which only slows down our response time and can confuse members who may then falsely think that they have read the entire thread previously and possibly miss out on some important information that could have a bearing on their own file.

Similarly, multiple messages each day with minor or random questions bog things down too. We want to answer those questions for you, but in such a circumstance, please send them all in one daily message if possible.

By posting in this Forum, you certify that you have read and agree to abide by these rules. Failure to comply with these rules will result in the deletion of offending posts and the writer potentially being banned from this Forum and other NACA social media.

As you can see, these are really just common sense rules, largely based on common courtesy. Abiding by these guidelines will help the NACA staff help you in whatever means possible and encourage a positive, free flow of information through this Forum, which is its most fundamental purpose.

Thanks!

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | 6 Comments

THOUSANDS TO ATTEND ATLANTA MAYORAL CANDIDATES’ FORUM ON AFFORDABLE HOUSING SATURDAY MORNING

*****MEDIA ADVISORY*****
FOR IMMEDIATE RELEASE
Press Release – October 27, 2017

MEDIA CONTACTS:

NACA: Tim Trumble | 617-947-2632 | ttrumble@naca.com

Ebenezer | Collaborative: Nick Roberson |706-533-5420 | nick@mlksrcollaborative.org

 

THOUSANDS TO ATTEND ATLANTA MAYORAL CANDIDATE FORUM ON AFFORDABLE HOUSING

Event streamed live on NACA and Ebenezer Baptist Church Facebook pages

(Atlanta, Georgia – October 27, 2017) Ebenezer Baptist Church, “America’s Freedom Church”, and the Neighborhood Assistance Corporation of America (NACA), through a coordinated agreement by the Martin Luther King Sr. Community Resources Collaborative (Collaborative), will host a mayoral candidate forum on affordable housing and the wealth, income and opportunity gaps in Atlanta. The Reverend Raphael G. Warnock, Ph.D., will moderate the forum on Saturday, October 28, 2017, from 9:00 a.m. to 11:30 a.m. at Ebenezer Baptist Church in its Horizon Sanctuary.

The forum aims to bring constituents, community agencies and the mayoral candidates together for open dialogue regarding housing issues plaguing Atlanta’s low-to-moderate-income residents. Forum attendees will have the opportunity to ask the candidates questions and learn about each candidate’s stance on how they plan to address affordable housing barriers and the wealth gap in Atlanta.

NACA’s Homebuyer’s Workshop, providing access to the Best Mortgage in America (no down payment, no closing costs, no fees, at a below market fixed rate), is being held in conjunction with the mayoral candidate forum. NACA has confirmed that over 3,000 future homeowners and other Atlanta residents have already registered to attend this event. Attendees will witness a NACA Atlanta homebuyer closing on the purchase of a home with a mortgage from Bank of America at an incredible fixed interest rate of virtually zero percent (0.125%). The extremely low rate was possible through the NACA program by using buy-down assistance from the Atlanta Housing Authority, a strategic alliance brokered by the Collaborative.

Bruce Marks, NACA’s founder and CEO, said, “I look forward to attending this forum and workshop to encourage the participants. This event will also demonstrate that NACA is an important force in providing affordable homeownership in Atlanta for low-to-moderate income people.”

 

CONFIRMED MAYORAL CANDIDATES: Peter Aman, Kiesha Bottoms, John Eaves, Mary Norwood, Ceasar Mitchell and pending others.

FORUM MODERATOR: Reverend Raphael G. Warnock, Ph.D.

EXPECTED PUBLIC ATTENDANCE: more than 3,000 people

DATE: SATURDAY, OCTOBER 28, 2017

START TIME: 9:00 a.m.

END TIME: 11:30 a.m.

SUGGESTED MEDIA ARRIVAL: 8:30 a.m. | 11:00 a.m. | 12:30 p.m. (NACA Workshop)

LIVE STREAM: www.facebook.com/nacaofficialpage

LOCATION:  EBENEZER BAPTIST CHURCH – HORIZON SANCTUARY:           101 JACKSON ST. N.E., ATLANTA, GEORGIA 30312

PARKING: FREE (National Parks Service parking lot located on John Wesley Dobbs)

EVENT HASHTAG:  #atlhousingforum2k17

EVENT HOSTS: 

EBENEZER BAPTIST CHURCH (EBC)

Ebenezer Baptist Church (EBC): Founded in 1886 in Atlanta, Georgia, the historic Ebenezer Baptist Church is an urban-based, global ministry dedicated to individual growth and social transformation through living in the message and carrying out the mission of Jesus Christ. Throughout its long history, EBC has served as a spiritual home to many citizens of the “Sweet Auburn” community, including the Nobel Peace Prize-winning Dr. Martin Luther King Jr. EBC is rich with history of leading the fight for social justice and continues that work in various capacities today via its Senior Pastor, Dr. Raphael G. Warnock. For more information, please visit www.ebenezeratl.org.

 NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA (NACA)

Neighborhood Assistance Corporation of America (NACA): Started in 1988, NACA is the largest HUD-Certified nonprofit, community advocacy, and homeownership organization in the United States. NACA has been at the forefront in fighting predatory lending and has been the most effective organization in providing affordable solutions to over 250,000 homeowners.  NACA provides the best mortgage in the country through its 47 offices nationwide. NACA’s founder and CEO Bruce Marks was named Bostonian of the Year for 2007 because of his work in getting the major lenders and servicers to modify home loans. See Bostonian of the Year. He has also testified before Congress on numerous occasions including September 12, 2000—being one of the few to sound the alarm of the pending mortgage crisis. For more information, please visit www.naca.com.

 MARTIN LUTHER KING SR. COMMUNITY RESOURCES COLLABORTIVE (COLLABORATIVE)

Martin Luther King Sr. Community Resources Collaborative (Collaborative): Established in 2013 in Atlanta, Georgia, the Martin Luther King Sr. Community Resources Collaborative is a nonprofit agency comprised of several local, state and national organizations (Casey Family Programs; Operation Hope; WorkSource Atlanta; and the Georgia Division of Family & Children Services) specializing in offering an array of free wrap-around life-enrichment social services in a one-stop-shop capacity to the residents of the greater Atlanta area. The Collaborative’s main goal, via non-traditional methodologies, is to remove the seen and unseen barriers that individuals and families encounter while they navigate through traditional social service programs. The Collaborative’s five main target areas are Children and Family Services; Educational Achievement; Workforce Readiness; Housing Education Services; and Family Economic Success. The Collaborative is led by Executive Director, Detria Russell. For more information, please visit www.mlksrcollaborative.

 

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CHARLOTTE MAYOR ROBERTS AND MAYOR PRO-TEM LYLES TO SPEAK TO 1000 THIS MORNING ON AFFORDABLE HOUSING

*****MEDIA ADVISORY*****
FOR IMMEDIATE RELEASE
Press Release – October 21, 2017

CONTACT:
Tim Trumble, Media Coordinator, Cell: 617-947-2632; ttrumble@naca.com
Bruce Marks, NACA CEO, 617-835-4477; bmarks@naca.com

Charlotte Mayor and Mayor Pro-Tem to Discuss Affordable Housing with Low to Moderate-Income Homebuyers Saturday Morning

One Thousand Registered and Expected to Attend

(Charlotte, NC – Oct. 20, 2017) Charlotte Mayor Jennifer Roberts and Mayor Pro-Tem Vi Lyles Will discuss housing affordability with a group of nearly 1000 Charlotteans at a special workshop this morning.

The workshop, conducted by the Neighborhood Assistance Corporation of America (NACA), will be held at St. Paul Baptist Church, 1401 Allen St. in Charlotte. Mayor Roberts and Mayor Pro-Tem Lyles will address the group beginning at 8:30 a.m. Joining the discussion will be NACA Founder and CEO Bruce Marks.

“The vast majority of people attending the workshop will be low and moderate-income home buyers, many of them first time home buyers”, according to Marks, who is flying in from NACA’s headquarters in Boston specifically for the event. “This is a special opportunity for them to discuss the ongoing issues of housing affordability, gentrification and neighborhood stabilization in Charlotte with two of their city’s most influential leaders”.

The workshop itself will begin after the discussion with Roberts, Lyles and Marks, and will be the first step for the attendees on the path to home ownership through NACA’s unique “Best Mortgage in America” program. The program helps homebuyers obtain mortgages at a fair, fixed rate and with no down payment, no closing costs, no PMI and no requirement for perfect credit. They can also potentially buy down their interest rate to virtually zero through the program. More than 60,000 homes have been bought through the program nationwide.

“Both Mayor Roberts and Mayor Pro-Tem Lyles are committed to solving Charlotte’s housing issues”, Marks continued, “and this will be an excellent opportunity for all involved to openly discuss affordability and other housing issues that are presenting a serious threat to the quality of life for many working people in Charlotte.”

About NACA (www.naca.com):

The Neighborhood Assistance Corporation of America (“NACA”) is a non-profit, community advocacy and homeownership organization. NACA CEO Bruce Marks was named Bostonian of the Year for 2007 because of his work in getting the major lenders and servicers to modify home loans for borrowers who come through NACA. See Bostonian of the Year. He has also testified before Congress on numerous occasions including September 12, 2000, being one of the only people to sound the alarm of the pending mortgage crisis. For more information go to www.naca.com

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NACA’s CEO & WELLS FARGO VICTIMS ATTEND SENATE HEARING

*****MEDIA ADVISORY*****
FOR IMMEDIATE RELEASE
Press Release – October 3, 2017

CONTACT:

Tim Trumble, Media Coordinator, Cell: 617-947-2632ttrumble@naca.com
Bruce Marks, NACA CEO, 617-835-4477; bmarks@naca.com

NACA & WELLS FARGO VICTIMS ATTEND SENATE BANKING COMMITTEE HEARING QUESTIONING TIM SLOAN

Sloan May Face Challenges from More than Just Committee Members

(WASHINGTON, DC – October 2, 2017) –   NACA Founder and CEO Bruce Marks, along with several Wells Fargo customers who have been wronged by the bank’s predatory actions will be in attendance on Tuesday as Wells Fargo CEO Tim Sloan testifies before the Senate Banking Committee.

The seeds of Wells’ predatory culture were sown in 1998, when Norwest Banks took over Wells Fargo in what was deceptively called a merger of equals,.  Norwest CEO Dick Kovacevich took over at the ‘new’ Wells Fargo, putting his own team in place, including his protégé and future CEO John Stumpf. Norwest simply took on the Wells Fargo name to deflect its already poor reputation as a predatory lender with an overly-aggressive sales organization.
These practices have been at the core of Wells Fargo’s way of doing business for nearly two decades. It is so deeply ingrained that there is no way the board of directors could NOT have known.  Therefore, the following actions must be taken.

  1. A monitor must be appointed to oversee the redirection of Wells Fargo and the delivery of justice to those who have been harmed.
  2. Mandatory arbitration must be eliminated to allow the legal process to be pursued by both customers and employees.
  3. Well’s unsatisfactory CRA rating must require Wells to do portfolio lending for low-moderate-income borrowers.  Currently 100% of these mortgages are through government entities and only wealthy borrowers get the flexibility of portfolio loans.
“The predatory foundation of Wells Fargo’s policies and operations dates back well before the fake account scandal, the Great Recession or even the housing bubble”, says Bruce Marks NACA’s CEO.  “We are not only seeking justice for the millions of people financially harmed by Wells Fargo’s actions and its many employees ,” Marks continued, “but we are also seeking a monitor to oversee Wells’ operations, to ensure that proper and full restitution on is made to all Wells Fargo customers who were harmed and to make sure that all of Wells Fargo’s predatory activities have been uncovered and resolved.”
Sloan is expected to face difficult questioning from the Committee regarding Wells’ greed-based policies and practices, including:

  • Creation of 3.5 million fake accounts
  • Extremely high pressure on employees to sell products, causing stress-related illnesses among thousands of their own employees.
  • Force-placed auto insurance on vehicles that already had the amount of insurance coverage required under the terms of their Wells Fargo auto loans.
  • Unauthorized, “stealth” modifications on thousands of Wells Fargo mortgages, many extending the term of the loan to 40 years without the homeowners’ knowledge or consent, resulting in thousands of dollars of extra interest and fees.
  • Delaying processing of mortgage applications and then falsifying records in order to charge additional fees to extend interest rate lock-ins.
  • Punitive actions up to and including termination of employment against whistleblowers who reported the bank’s predatory and illegal activities.

About NACA (www.naca.com):

The Neighborhood Assistance Corporation of America (“NACA”) is a non-profit, community advocacy and homeownership organization. NACA CEO Bruce Marks was named Bostonian of the Year for 2007 because of his work in getting the major lenders and servicers to modify home loans for borrowers who come through NACA. See Bostonian of the Year. He has also testified before Congress on numerous occasions including September 12, 2000, being one of the only people to sound the alarm of the pending mortgage crisis. For more information go to www.naca.com

 

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ALL NACA OFFICES OPEN EXCEPT ORLANDO

All NACA offices have reopened after Hurricane Irma, with the exception of Orlando, which has no power or internet access.  Some offices may have limited capabilities, but are open for business and are conducting appointments as originally scheduled.

All phone calls for the Orlando office will be answered by NACA Member Services.

Appointments that were missed as a result of the storm will be rescheduled at the very first opportunity.

We appreciate everyone’s patience and understanding as we all work to recover from the devastation of the hurricane.

 

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OFFICE UPDATE 9-12-17

The following NACA offices are not operational today as a result of the effects of Hurricane Irma:

  • Atlanta
  • Augusta
  • Jacksonville
  • Miami
  • Orlando
  • Tampa

 

All but one of these offices have no electricity, and the remaining office has no internet service.  Please watch NACA’s social media channels for updates on the status of each offices.

 

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VIDEO CONFERENCING NOW AVAILABLE IN REMOTE COUNSELING PROGRAM

GREAT NEWS FOR MEMBERS IN OUR REMOTE COUNSELING PROGRAM!

VIDEO CONFERENCING is now available for Remote Counseling Sessions. You now have the option of speaking on the telephone with your counselor as before or now conduct an electronic “face to face” session.

To have a video counseling session, please go to www.gotomeeting.com on your PC or Mac and click on “JOIN A MEETING” in the upper right-hand corner, or get the app for your mobile device from iTunes or the Google Play store. At or shortly before the time scheduled for your counseling session, please enter the nine-digit meeting code that will be supplied by your counselor. The service is free of charge, and you do not have to pay for any software or features.

Studies show that 55% of information in a conversation is non-verbal in nature, and that many people are simply more comfortable being able to see the person with whom they are speaking. This new option will allow many of our members to communicate more fully with their counselor and create a more productive session for all concerned.

Members in the Remote Counseling Program, please email your counselor right away to take advantage of this new feature to make your counseling session more comfortable and productive!

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | 4 Comments

ALL NACA OFFICES IN FLORIDA NOW CLOSED TO PREPARE FOR HURRICANE

All NACA offices in the state of Florida, including Miami, Tampa, Orlando and Jacksonville, are now closed in order to prepare for the arrival of Hurricane Irma. All phone calls for these offices will be answered by NACA Member Services.

Additionally, all NACA Home Buyer Workshops scheduled for this weekend are cancelled and will be rescheduled for a later date.

We are continuing to monitor the approach of the storm and will provide updates as needed on this page and through oursocial media channels:

Facebook: http://www.facebook.com/nacaofficialpage

Twitter: http://twitter.com/NACAEvents

Google Plus: http://plus.google.com/+nacacom

LinkedIn: https://www.linkedin.com/company/neighborhood-assistance-corporation-of-america

Pinterest: https://www.pinterest.com/nacaevents/

Instagram: https://www.instagram.com/naca_online/

NACA’s first concern is of course the safety and well-being of our staff and members, and that of everyone n the path of Hurricane Irma. We appreciate your understanding of the situation and we apologize for any inconvenience. We will keep you updated on the situation as it progresses through the social media channels listed above.

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | 2 Comments

NACA MIAMI AND JACKSONVILLE OFFICES CLOSED TODAY

To help ensure the safety of our members and staff, NACA’s Miami and Jacksonville offices are closed today Friday, September 8th so staff and members can take whatever actions necessary to prepare for the arrival of the storm. Members with appointments scheduled for this Friday will have their appointments rescheduled as soon as possible.

Also, NACA’s American Dream Homebuyer Qualification Workshop scheduled for this Saturday, September 9th  in Miami has been rescheduled for Saturday, September 23rd. The location and start time remain the same: Miami Shores Christian Church, 10150 N.E. 2nd Avenue in Miami, starting at 10:00 a.m.  If you are already registered for the September 9th workshop, you DO NOT need to re-register. You are already registered for the 23rd.

No changes have been made to the office hours or workshop schedules for our Tampa and Orlando offices as of yet, nor those of any other NACA office.  We are continuing to monitor the approach of the storm and will provide updates as needed on this page and through our social media channels:

Facebook: http://www.facebook.com/nacaofficialpage

Twitter: http://twitter.com/NACAEvents

Google Plus: http://plus.google.com/+nacacom

LinkedIn: https://www.linkedin.com/company/neighborhood-assistance-corporation-of-america

Pinterest: https://www.pinterest.com/nacaevents/

Instagram: https://www.instagram.com/naca_online/

NACA’s first concern is of course the safety and well-being of our staff and members, and that everyone n the path of Hurricane Irma. We appreciate your understanding of the situation and we apologize for any inconvenience. We will keep you updated on the situation as it progresses through the social media channels listed above.

 

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | 2 Comments

NACA HOUSTON OFFICE REOPENS

As efforts begin to recover from the devastation left in the wake of Hurricane Harvey, NACA’s #HOUSTON office is open again. Anyone who missed an appointment as a result of Hurricane Harvey will be rescheduled at the very first opportunity. If you are unable to make it to a scheduled appointment at the Houston office please call at the very first opportunity at 713-706-3400 so we can hopefully give that appointment to a member who has already missed an appointment as a result of the storm and flooding. Thank you for your cooperation and understanding. Our thoughts and prayers are with everyone in the region during this very stressful time.

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | 2 Comments

WELLS FARGO OPENED 70 PERCENT MORE FAKE ACCOUNTS THAN ORIGINALLY THOUGHT

*****MEDIA ADVISORY*****

FOR IMMEDIATE RELEASE

 

CONTACT:

Tim Trumble, Media Coordinator, Cell: 617-947-2632; ttrumble@naca.com

Bruce Marks, NACA CEO, Cell: 617-835-4477; bmarks@naca.com

 

NACA CEO MOBILIZES WELLS FARGO CUSTOMERS & EMPLOYEES IN RESPONSE TO THEIR PREDATORY PRACTICES

OVER $17 BILLION IN ACCOUNTS HELD BY NACA MEMBERS

 

(Boston, MA – August 31, 2017) – The announcement that an investigation has discovered nearly twice as many unauthorized accounts at Wells Fargo as originally thought has further emphasized the need to make the Wells Fargo board of directors and executives personally accountable for the bank’s actions.

NACA has officially launched its Wells Fargo Justice Campaign, which seeks to enlist NACA’s 229,825 members who collectively have more than $17 Billion in Wells Fargo accounts, and other individuals to take action in light of Wells Fargo’s predatory practices.

“The continuing deluge of one scandal after another because of the predatory culture at Wells Fargo further demonstrates the need to seek justice for the millions of Wells customers who have been harmed by the bank”, noted NACA Founder and CEO Bruce Marks. The self-proclaimed “non-violent bank terrorist” openly challenged the Wells Fargo board of directors to disclose just how much they knew about the fake account scandal at the Wells Fargo Annual Meeting in April.

The Wells Fargo Justice Campaign (click here) is employing multiple strategies to hold Wells Fargo accountable for the damage it has inflicted on its customers and make Wells Fargo a more responsible and accountable financial institution. Wells Fargo account holders have enormous purchasing power and thus influence on Wells Fargo. NACA seeks to unite these customers with NACA members, Wells Fargo employees and other concerned people to participate in protests, join lawsuits, switch banks, and become a whistleblower where appropriate. This places them in the unique position to effect real change by sharing critical information through joining and supporting the Wells Fargo Justice campaign.

NACA’s Wells Fargo Justice Campaign began on April 25th when NACA CEO Bruce Marks and others confronted Wells Fargo CEO Tim Sloan and Chairman Stephen Sanger during the Wells Fargo’s annual meeting in Jacksonville, Florida.  Bruce Marks demanded answers in order to hold the CEO and their board of directors accountable but was forcibly removed.  To hear the confrontation at Wells’ annual meeting click here.

Marks said, “NACA, our Members and many others are in a powerful position to hold Wells Fargo’s executives and board of directors personally accountable for the bank’s predatory practices. Hundreds of thousands of NACA members collectively have more than $17 Billion in balances with Wells Fargo in bank accounts, car loans, student loans, personal loans and mortgages.” Marks continues, “Wells Fargo acknowledged they have been exploiting their customers and even their own employees for over 15 years through their improper practices. Their shallow apologies and cosmetic changes are not enough“. The government has taken an important step by downgrading Wells Fargo’s Community Reinvestment Act rating to “Needs Improvement”, which is the worst of any major bank, but much more needs to be done.

Follow the campaign at www.wellsfargojustice.com and on Facebook

 

CHARLOTTE OBSERVER: http://www.charlotteobserver.com/news/business/banking/bank-watch-blog/article146485339.html

ASSOCIATED PRESS: https://www.naca.com/Scripts/pdfviewer/web/viewer.html?pdffile=/media/80390/associates2070502.pdf

CNN: https://www.naca.com/Scripts/pdfviewer/web/viewer.html?pdffile=/media/80393/cnn20170502.pdf

USA TODAY: https://www.naca.com/Scripts/pdfviewer/web/viewer.html?pdffile=/media/80394/usatoday20170502.pdf

CBS: https://www.naca.com/Scripts/pdfviewer/web/viewer.html?pdffile=/media/80391/cbs20170502.pdf

NACA Media: https://www.naca.com/campaigns/wells-fargo/

 

About NACA (www.naca.com):

NACA is the largest HUD certified non-profit home ownership and community advocacy organization. NACA is the most effective organization in modifying mortgages and provides the best mortgage in the country. NACA CEO Bruce Marks was named Bostonian of the Year for 2007 because of his work in getting the major lenders and servicers to modify homeowner’s mortgages. See Bostonian of the Year. He testified before Congress on numerous occasions including September 12, 2000, being one of the first people to sound the alarm of the pending mortgage crisis. For more information go to www.naca.com.

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