A fiery crowd of as many as 50 seniors and their supporters including green-clad, Doctor Seuss-styled grinches, rallied this afternoon in front of Wells Fargo Bank at the intersection of Market and Grant streets, calling on the national bank to halt its evictions of struggling homeowners and to change its foreclosure practices.
As many as 500 demonstrators took aim at Wells Fargo over its corporate policies Tuesday, blocking entrances to the Merchants Exchange building in the heart of San Francisco’s Financial District in an attempt to disrupt the bank’s annual meeting of shareholders.
Following the rally, Supervisor Avalos introduced a resolution – co-sponsored by Supervisors David Campos, Christina Olague, Jane Kim, Eric Mar and David Chiu, “Urging city and county officials and departments to protect homeowners from unlawful foreclosures.” The measure also urges mortgage and banking institutions, “especially San Francisco-based Wells Fargo,” to “suspend foreclosure activities and related auctions and evictions.”
Supervisor Avalos will introduce the resolution at the Board of Supervisors meeting at 2pm. The resolution expresses support for the California Homeowner Bill of Rights which are 5 legislative measures introduced at the California State Legislature and designed to provide basic standards of fairness and transparency in mortgage processing, community tools to prevent blight, tenant protections, enhanced law enforcement to defend homeowner rights, and a special grand jury to investigate foreclosure crime.
An ACCE and Occupy Bernal letter of demand addressed to Dean and hand-delivered to his Dignity Health office in San Francisco, demands he stop Wells Fargo, the nations largest mortgage provider, from foreclosing homes on San Francisco residents, particularly those homeowners in hard-hit areas in the Bayview, Excelsior, and Bernal Heights neighborhoods.
This Saturday the 14th, evicted tenants and foreclosed homeowners will tell their stories of the impact that bank’s greedy actions have had on them. Banks will be put on notice: You Will Be Held Accountable! Actions will culminate in a January 20th shutdown of San Francisco’s Financial District.
About 100 demonstrators blocked access to a Bank of America branch in the Excelsior District to call attention to unfair lending practices.
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