Updates
Updates
Poor Communities Lose Billions to Predatory Lenders
Predatory lenders continue to target poor, Black and Latino communities, siphoning off $103 billion in fees and interests every year, and the rest of us are paying for it, according to a recent report by United for a Fair Economy. [...]
Mobile Apps Build Financial Inclusion Among Unbanked Americans
If you’re among the unbanked in America and you own a smartphone, that little device could be your onramp to the financial mainstream. Mobile apps may encourage the use of traditional banking services, according to a Federal Deposit Insurance Corp. [...]
How Expensive It Is To Be Poor
This month, the Pew Research Center released a study that found that most wealthy Americans believed "poor people today have it easy because they can get government benefits without doing anything in return." "Easy" is a word not easily spoken among [...]
Mayor Announces the Acceptance of IDNYC by More Than 10 Financial Institutions
“As a city of immigrants, New York is home to a significant immigrant population who deserve proper identification,” said Assembly Member Robert Rodriguez. “This municipal ID card will provide access to a broad range of services to the undocumented and [...]
Financial Education: The American Education System Is Failing Our Students
The proliferation of credit cards is relatively new, with plastic only becoming widely used around the 1950s. The dramatic shift to easily accessible money via credit cards has changed the way we wield our purchasing power and manage our money. [...]
Twentysomethings: Barely Saving, but Surprisingly Confident
There are differing opinions about whether overconfidence is good for humanity. Some say that believing that you're better than you really are is a self-fulfilling prophecy that's good for ambition and swift decision making. Overconfidence can lead to boosts in [...]
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