Updates
Updates
CFED Report: The Steep Climb to Economic Opportunity for Vulnerable Families
Despite the nation’s ongoing economic recovery, millions of low- and moderate-income Americans are, like the Greek mythological character Sisyphus, perpetually forced to push an outsized boulder up a steep hill with little prospect of reaching stable financial ground. The 2016 [...]
Designing Tech Solutions for Financial Health
How can providers leverage technology to improve financial health programs? Programs designed to help people become financially healthy often face challenges in engaging clients and scaling their efforts. Increasingly, many are turning to technology to overcome these challenges and increase [...]
Choices, Not Sacrifices, Learned at UNHP Personal Finance Class
Susan Mohan of Bedford Park admits to having teetered toward overspending. Her take-home pay, which never seemed to go far enough, had somehow slipped into a deep abyss wrapped in mystery. For her sake she realized that taking control of [...]
The Economist Features Neighborhood Trust Federal Credit Union on Its Service to Immigrant Community
MOST banks wouldn’t lend to Roberta. She arrived in New York from Mexico with papers but no credit history. But Neighborhood Trust Federal Credit Union, which specialises in lending to immigrants, gave her advice and a $2,000 loan. She started [...]
Banks Reject New York City IDs, Leaving ‘Unbanked’ on Sidelines
Nearly a year ago, Mayor Bill de Blasio proclaimed that a new municipal identification card would help thousands of New Yorkers “lead fuller lives, better lives, lives full of respect and recognition.” More than 670,000 people have obtained the identification [...]
Broad Effort Aims to Expand Financial Services to Low-Income Consumers
WASHINGTON — The Obama administration, teaming with private partners including the Gates Foundation and JPMorgan Chase, announced initiatives on Tuesday to expand banking services to millions of Americans and others worldwide who lack essentials like checking or savings accounts and [...]
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