Students Activists Pressure Colleges to Participate in Bank Transfer Day
Campus activists across the country are preparing for Bank Transfer Day, which encourages people to move their money from big banks to community-based credit unions on November 5. But student supporters aren't stopping at encouraging their peers to close their accounts at major banks. They plan to leverage the energy from the Occupy Wall Street movement to push their universities to move their money, too.
Dan Apfel, the executive director of the Responsible Endowments Coalition, a New York City-based nonprofit that works to promote responsible investment practices, says American colleges and universities have collective endowments of more than $350 billion, the majority of which is housed in financial institutions that "have no