The Street: Bank Transfer Day: A Protest With Your Money By Brian O'Connell

Bank Transfer Day: A Protest With Your Money By Brian O'Connell

Managing Your Money

http://www.thestreet.com/story/11274526/1/bank-transfer-day-a-protest-with-your-money.html

10/12/11

NEW YORK (MainStreet) -- Occupy Wall Street has dominated headlines for the past few weeks, with advocates and critics jaw-boning over whether it was government or Wall Street that fueled the financial crisis (here's a vote for both).

But even critics can't argue about the growth prospects of the "occupations" taking place in urban centers across the U.S. Now comes an offshoot of Occupy Wall Street that takes aim at banks where it hurts them most -- in their vaults.

Debit card fees of $5 a month from Bank of America are among steps leading to a "Bank Transfer Day" protest with a Nov. 5 deadline. http://www.thestreet.com/story/11274526/1/bank-transfer-day-a-protest-with-your-money.html

The social uprising -- called "Bank Transfer Day" – encourages bank customers to take their cash out of big banks and put it in smaller banks and credit unions instead. The movement is ostensibly in response to aggressive fees institutions are rolling out to recover profits lost from new financial regulations, notably Bank of America's(BAC_) decision to stick debit card users with a $5 monthly fee and Wells Fargo's(WFC_) $3 test of the same… http://www.thestreet.com/story/11274526/1/bank-transfer-day-a-protest-with-your-money.html

• The Latest News From Occupy Wall Street >>
• Occupy Wall Street Gets Hacker Support -- Oct. 5
• 6 Demands Occupy Wall Street Ought to Make -- Oct. 11
• Occupy Wall Street Draws Star Supporters -- Oct. 11
• What Occupy Wall Street Wants, in 30s -- Oct. 12
• POLL: What Is Occupy Wall Street? -- Oct. 13

20111012 The Street BTD A Protest With Your Money

Context: Kevin E. Dayhoff - TheTentacle.com: Bank Transfer Day

“Fish Fish” by Kevin Dayhoff

http://t.co/absQRYwx

http://twitpic.com/72hdbb

http://www.thetentacle.com/ShowArticle.cfm?mydocid=4695

http://tinyurl.com/3zs6wqu

http://kevindayhoff.blogspot.com/search/label/Bus%20Econ%20Bank%20Transfer%20Day

Labels: Bus Econ 20110917 Occupy Wall Street, Bus Econ 20111105 Bank Transfer Day, Bus Econ Bank Transfer Day, Bus Econ Banking, Business Banking, Dayhoff Media The Tentacle

*****

*****

Kevin Dayhoff Soundtrack: http://kevindayhoff.blogspot.com/ = http://www.kevindayhoff.net/ Kevin Dayhoff Art: http://kevindayhoffart.blogspot.com/ or http://kevindayhoffart.com/ = http://www.kevindayhoff.com/ Kevin Dayhoff Westminster: http://kevindayhoffwestgov-net.blogspot.com/ or http://www.westgov.net/ = www.kevindayhoff.org Twitter: https://twitter.com/kevindayhoff Twitpic: http://twitpic.com/photos/kevindayhoff Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/ = www.newbedfordherald.net Explore Carroll: www.explorecarroll.com The Tentacle: www.thetentacle.com

Community Banker Today: “Bank Transfer Day” Gaining Traction on Facebook

Community Banker Today: “Bank Transfer Day” Gaining Traction on Facebook

Community Banker Today http://communitybankertoday.com/top-news/entry/1/871

OCTOBER 13, 2011

A social media–based campaign, started by a disgruntled customer, to transfer bank accounts from big banks to credit unions is growing. More than 30,000 people have signed onto the "Bank Transfer Day" Facebook event page, which instructs participants to transfer their accounts on Nov. 5 from large banks to local credit unions.

ICBA is taking the opportunity to remind reporters and consumers that community banks are a great, hometown banking alternative. As part of its "go local" movement, ICBA is encouraging consumers to realize the litany of benefits associated with community banks, including a relationship-based banking experience and superior customer service.

ICBA also continues to offer its Community Bank Locator to help consumers find a community bank in their area.

House Members Urge ICBA Pro-Growth Policies

Fed Approves Rule on Megabank Resolution Plans

Industrial Production, Capacity Utilization Up

ICBA Reinsurance Announces Ninth Consecutive Dividend

Regulators Close Four Banks

Fine Op-Ed: One-Size Regulatory Model Doesn't Work

Support Grows for ICBA-Backed Nonresident Bill

Bank Directors Hear Economic and Financial Outlook

Agencies Update Flood Insurance FAQs

Garfield $1 Coin Slated for Nov. 17

From the Wires

Banking Customers Switching Over Fees

ICBA: Small Banks Also Eye ‘Transfer’ Opportunity

Banks May Shun Loan Rollover

CFPB Outlines Mortgage-Servicer Supervision

G20 Ministers Back Big-Bank Capital Surcharge

From the Regulators

Regulators Close Four Banks

OCC Names New Head of Supervision Policy

From Congress

Read Bill To Repeal Durbin Amendment

Community Banker News & Events

N.Y. Bank Volunteers To Strengthen Local Community

Conn. Bank Promotes Saving Via iPad Contest

CBAI Meets with FDIC Ombudsman

Pa. Bank Sends Care Packages to Troops

Submit News

[20111013 Community Banker Today BTD Gaining Traction on FB]

Context: Kevin E. Dayhoff - TheTentacle.com: Bank Transfer Day

“Fish Fish” by Kevin Dayhoff

http://t.co/absQRYwx

http://twitpic.com/72hdbb

http://www.thetentacle.com/ShowArticle.cfm?mydocid=4695

http://tinyurl.com/3zs6wqu

http://kevindayhoff.blogspot.com/search/label/Bus%20Econ%20Bank%20Transfer%20Day

Labels: Bus Econ 20110917 Occupy Wall Street, Bus Econ 20111105 Bank Transfer Day, Bus Econ Bank Transfer Day, Bus Econ Banking, Business Banking, Dayhoff Media The Tentacle

*****

Kevin Dayhoff Soundtrack: http://kevindayhoff.blogspot.com/ = http://www.kevindayhoff.net/ Kevin Dayhoff Art: http://kevindayhoffart.blogspot.com/ or http://kevindayhoffart.com/ = http://www.kevindayhoff.com/ Kevin Dayhoff Westminster: http://kevindayhoffwestgov-net.blogspot.com/ or http://www.westgov.net/ = www.kevindayhoff.org Twitter: https://twitter.com/kevindayhoff Twitpic: http://twitpic.com/photos/kevindayhoff Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/ = www.newbedfordherald.net Explore Carroll: www.explorecarroll.com The Tentacle: www.thetentacle.com

Kevin E. Dayhoff - TheTentacle.com: Bank Transfer Day

October 19, 2011

Bank Transfer Day

Kevin E. Dayhoff

http://www.thetentacle.com/ShowArticle.cfm?mydocid=4695

The continuing saga of the crusade against the vampire squids… I’m just saying…

While everyone was distracted by what Charles Krauthammer delightfully described as, the “Starbucks-sipping, Levi’s-clad, iPhone-clutching protesters (of the Occupy Wall Street movement who) denounce corporate America even as they weep for Steve Jobs, corporate titan, billionaire eight times over…,” a new social uprising term has entered the public discourse. Saturday, November 5 is “Bank Transfer Day.”

According to the uprising’s meager beginnings on Facebook, created by a small business owner, Kristen Christian, 27, a small art gallery owner in Los Angles, citizens are encouraged to take their money out of the blood-sucking vampire squid mega-banks and put it in smaller community banks or more specifically, credit unions.

Ms. Christian owns “Le Spec,” an independent art gallery. She spoke for many when she answered a question from Jen Doll, in a Village Voice article: Why did you decide to do this?

“Mostly just, I was tired. I was tired of being charged bank fee after bank fee after bank fee… When they decided to react so negatively to the Durbin Amendment, that made me sick…”

As opposed to the Occupy Wall Street protests, which appear to be a mobocracy of themeless, clueless anarchists on holiday, Bank Transfer Day has a well-defined and articulated goal, with a specific action plan.

Even National Public Radio, which never met a leftist cause it could not wholeheartedly support, with our tax dollars, could not fathom what the Occupy Wall Street protestors were trying to say…

Much of the mainstream media and leftist Democrats want you to believe that Bank Transfer Day is an offshoot grass-roots effort spawned by the Occupy Wall Street anarchists-without-a-clue.

Nothing could be farther from the truth...  

http://www.thetentacle.com/ShowArticle.cfm?mydocid=4695

Kevin E. Dayhoff - TheTentacle.com: Bank Transfer Day http://t.co/absQRYwx

“Fish Fish” by Kevin Dayhoff

http://t.co/absQRYwx

http://twitpic.com/72hdbb

http://www.thetentacle.com/ShowArticle.cfm?mydocid=4695

http://tinyurl.com/3zs6wqu

http://kevindayhoff.blogspot.com/search/label/Bus%20Econ%20Bank%20Transfer%20Day

[20111012 fish fish]

The continuing saga of the crusade against the vampire squids… I’m just saying…

++++++++++++

Labels: Bus Econ 20110917 Occupy Wall Street, Bus Econ 20111105 Bank Transfer Day, Bus Econ Bank Transfer Day, Bus Econ Banking, Business Banking, Dayhoff Media The Tentacle

[20111012 fish fish by Kevin Dayhoff http://twitpic.com/72hdbb]

*****

Kevin Dayhoff Soundtrack: http://kevindayhoff.blogspot.com/ = http://www.kevindayhoff.net/ Kevin Dayhoff Art: http://kevindayhoffart.blogspot.com/ or http://kevindayhoffart.com/ = http://www.kevindayhoff.com/ Kevin Dayhoff Westminster: http://kevindayhoffwestgov-net.blogspot.com/ or http://www.westgov.net/ = www.kevindayhoff.org Twitter: https://twitter.com/kevindayhoff Twitpic: http://twitpic.com/photos/kevindayhoff Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/ = www.newbedfordherald.net Explore Carroll: www.explorecarroll.com The Tentacle: www.thetentacle.com

Cadie Thompson - CNBC.com: Occupy Wall Street Backs a Nationwide Boycott Against Banks

http://www.cnbc.com/id/44800021/Occupy_Wall_Street_Backs_a_Nationwide_Boycott_Against_Banks

Occupy Wall Street Backs a Nationwide Boycott Against Banks

Published: Friday, 7 Oct 2011 | 1:21 PM ET

Text Size

By: Cadie Thompson
Producer, CNBC.com

• Twitter 376

  LinkedIn

  Share

In an effort to send a message to big banks, some organizers, who are supported by the protestors of the Occupy Wall Street movement, have organized an event to remove all funds from banks and into credit unions.

Organizers are calling the event "Bank Transfer Day"and are encouraging people nationwide to participate November 5.

The Facebook page for the event states the following:

"Together we can ensure that these banking institutions will ALWAYS remember the 5th of November!! If the 99% removes our funds from the major banking institutions on or by this date, we will send a clear message and give the 1% a taste of the fear that we experience every day when we aren't able to pay for our rent, food, medication, utilities, student loans, etc."

So far over 6,500 people have RSVP'ed for the event.

The participants of "Bank Transfer Day" take issue with the response of big banks' to theDurbin Amendment, which is an addition to the Dodd–Frank Wall Street Reform and Consumer Protection Act that caps the debit interchange fees banks can charge merchants.

The organizers claim the banks will begin to charge their customers $3-$5 fees to off-set the money they will lose because of the interchange fee cap.

The event's Facebook page states:

http://www.cnbc.com/id/44800021/Occupy_Wall_Street_Backs_a_Nationwide_Boycott_Against_Banks

+++++++++++++

• • Meet The 'Hot Chicks' of Occupy Wall Street(2)
  • Occupy Wall Street’s Bank Under FDIC Scrutiny
  • Does Make Up Work?(1)
  • How the Banking System Really Works
  • Citigroup Traders Got Clobbered By Volatile Markets(23)
  • Another Huge Weekend: Occupy Wall Street Is Coming to Your Neighborhood(3)
  • Commuter Benefits in the Sunset Cross-Hairs(1)
  • Investors Should Beware of Optimistic Executives(2)
  • Victory for Occupy Wall Street(25)
  • Raj's Sentence Is Too Long(17)
  • Occupy Wall Street: Clash Coming on Friday?(5)
  • Arrested at Occupy Wall Street? There's an App for That(9)
  • Occupy Wall Street Flush With Cash, But Not From Soros(30)
  • The Cloak-and-Dagger Era of Anti-Fraud Enforcement(1)
  • Protesters Plan to Resist Bloomberg’s Attempt to Clean Park(8)
  • JPMorgan Earnings: Dire Signs for Morgan Stanley and Goldman Sachs(9)

• Facebook

• Twitter

• RSS

• John Carney Runs this joint.

• Cadie Thompson Really, really runs this joint.

• Jeff Cox A senior writer for CNBC.com, covering the gamut of issues affecting the stock market and the economy.

• Stephanie Landsman Squawk Boxer Rebel.

• Lori Spechler A Senior Editor at CNBC, commodity trader in a former life.

• Lori Ann LaRocco A Senior Talent Producer at CNBC.

• The Faces of 'Occupy Wall Street' Occupy Wall Street has attracted people from all backgrounds.

• The Greatest Trades of All Time The following list of people showcases some of the greatest trades in the business.

• Rogue Trading: A How-To Guide There's a surprisingly consistent pattern to all these rogue traders.

• 25 Things Every Wall Street Intern Should Know Some words of wisdom for all the Wall Street Interns this summer.

• • European Stocks Seen Lower After German Comments(1)
  • Tuesday Look Ahead: Markets Face Triple Challenge(1)
  • China Economic Growth Eases to 9.1% in Third Quarter(8)
  • US to Crack Down on Commodity Traders; Will It Stick?
  • Corporate Leaders Say They Understand Protests(1)
  • China's Sinohydro Jumps 38% on Debut, Triggers Halt
  • Apple Earnings to Showcase iPhone Strength(2)
  • Will Falling Commodities Mean Lower Grocery Bills?(13)
  • Toll of Heavy Drinking on US Economy Rises
  • A Single Hashtag That Triggered a Global Protest(3)

*****

Kevin Dayhoff Soundtrack: http://kevindayhoff.blogspot.com/ = http://www.kevindayhoff.net/ Kevin Dayhoff Art: http://kevindayhoffart.blogspot.com/ or http://kevindayhoffart.com/ = http://www.kevindayhoff.com/ Kevin Dayhoff Westminster: http://kevindayhoffwestgov-net.blogspot.com/ or http://www.westgov.net/ = www.kevindayhoff.org Twitter: https://twitter.com/kevindayhoff Twitpic: http://twitpic.com/photos/kevindayhoff Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/ = www.newbedfordherald.net Explore Carroll: www.explorecarroll.com The Tentacle: www.thetentacle.com