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Protesters take to the street at local Bank of America

Protesters take to the street at local Bank of America

By Joyce Lupiani. CREATED May 9, 2012

Las Vegas, NV (KTNV) -- Thousands of Americans are mad at Bank of America and they are hitting the streets today to vent their frustrations.

One of those protests took place here in Las Vegas at a bank located at Tropicana Avenue and Pecos Road.

Demonstrators say that they want big banks like Bank of America to start working for everyone instead of just the wealthy.

They say they hope BOA does more to help homeowners avoid foreclosure, get their money out of politics, and invest their profits to help rebuild the economy.

The protest in Las Vegas is part of the growing movement for fairness for the "99 percent."

Dozens showed up at a protest in North Carolina. The protest was staged just a day ahead of the bank's annual shareholder meeting.

Several people were arrested during that protest.

The protests are taking place just a day after BOA began notifying homeowners who may qualify to have their home loans reduced as part of a multi-state settlement over alleged foreclosure abuses.

The company estimates that more than 200,000 of its customers could potentially be in line for a reduction in the principal balance on their mortgages.

But borrowers must owe more on their mortgage than the property is worth and be at least 60 days behind on payments as of Jan. 31.

Bank of America has said that is no statement on the protests today.

 

Joyce Lupiani

Joyce Lupiani

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Joyce Lupiani is the managing editor for PositivelyLV.com and contributes to KTNV.com and NowTrending.com.