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#OWS Alternative Banking update

February 22, 2012

Crossposted from the Alternative Banking Blog.

I wanted to mention a few things that have been going on with the Alternative Banking group lately.

  1. The Occupy the SEC group submitted their public comments last week on the Volcker Rule and got AMAZING press. See here for a partial list of articles that have been written about these incredible folks.
  2. Hey, did you notice something about that last link? Yeah, Alt Banking now has a blog! Woohoo! One of our members Nathan has been updating it and he’s doing a fine job. I love how he mentions Jeremy Lin when discussing derivatives.
  3. Alt Banking also has a separate suggested reading list page on the new blog. Please add to it!
  4. We just submitted a short letter as a public comment to the new Consumer Financial Protection Bureau regulation which gives them oversight powers on debt collectors and credit score bureaus. We basically told them to make credit score models open source (and I wasn’t even in the initial conversation about what we should say to these guys! Open source rules!!):
  1. Michael C
    February 22, 2012 at 11:35 pm

    This is what direct action looks like. Nice work.
    Suggestion: post it on the Alt Banking blog.


  2. Tiercelet
    February 23, 2012 at 10:13 am

    I do wish that the comment had gone through a bit more proofreading before being submitted. “Credit data is highly valueable and consumer can reasonable government oversight over such data.” is a particularly egregious sentence & I worry that it’ll make them easier to ignore by TPTB.

    Otherwise, it seems like these are all great requests…


  3. SG
    February 29, 2012 at 12:31 pm

    The google doc doesn’t show – or is this a postmodern joke?

    BTW: arrived here from nakedcapitalism, interested to see the OWS theme on the blog.


  4. SG
    February 29, 2012 at 12:32 pm

    The doc does show after my posting the comment. No idea, I really have none.


  1. February 23, 2012 at 5:08 am
  2. February 25, 2012 at 7:53 am
  3. July 23, 2013 at 7:06 am
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