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Rip Off! Banks Exploiting Consumers
| Length: | 55 min |
| Released: | 2009 |
Buy Online Streaming
Rip Off! serves as an exposé of how the banking industry harvests billions of dollars from consumers in the form of overdraft and other fees. In Washington, DC, Ralph Nader discusses the predatory lending practices of the major national banks and how individuals can fight against the unfair fees—through methods like organizing campaigns against banks, joining consumer union organizations, and suing the banks in small claims court.
In 2003, Congresswoman Carolyn Maloney wrote and sponsored the Overdraft Protection Fair Practices Act and continues to fight for its passage. Also interviewed are Gail Hillebrand of the Consumers Union, a class action attorney whose 1.5 billion dollar class action case against Bank of America went to the California Supreme Court, and a loan shark whose rates are better than the banks’. The film also looks at the larger issue of corporate dominance of our culture by speaking with author and filmmaker Joel Bakan.
In 2003, Congresswoman Carolyn Maloney wrote and sponsored the Overdraft Protection Fair Practices Act and continues to fight for its passage. Also interviewed are Gail Hillebrand of the Consumers Union, a class action attorney whose 1.5 billion dollar class action case against Bank of America went to the California Supreme Court, and a loan shark whose rates are better than the banks’. The film also looks at the larger issue of corporate dominance of our culture by speaking with author and filmmaker Joel Bakan.
"Exposes the dirty tricks of predatory lending. . . Highly recommended."
‒Alistair Rockoff, Williamette Week
"Delves deep into the myriad ways that major national banks cheat poor people."
‒Alison Hallett, Portland Mercury
‒Alistair Rockoff, Williamette Week
"Delves deep into the myriad ways that major national banks cheat poor people."
‒Alison Hallett, Portland Mercury
