Updates
Updates
Are Banks Too Expensive to Use?
It was a slow afternoon at Check Center, the check casher/payday lender in a storefront on a busy corner in downtown Berkeley, Calif., where I worked as a teller. My manager, Joe, and I were both dressed in red polo [...]
What Difference Does a Bank Account Make? You’d Be Surprised
People who do not have access to the mainstream financial system are subject to a variety of fees for services that the rest of us either get for free or at negligible prices. According to Jonathan Mintz, founding President and [...]
How Tech Can Foster Financial Capability for the Underbanked
In 2014, the financial services industry is looking to technology as a vital link between financial capability and under-resourced communities. Investments in these technologies are imperative to alleviate economic disparity and create better, safer options for the underbanked. Bridging the [...]
Slow Recovery Among Young Bringing Urgency to Financial Literacy
The slow recovery by young adults from the recession is bringing urgency to financial literacy efforts, Treasury Department Deputy Secretary Sarah Bloom Raskin said Thursday. Raskin pointed out the unemployment rate for 16- to 24-year-olds is double the national average. [...]
Employers Offering Payday Loan Alternatives
Payday lenders prey on low-wage workers who live paycheck to paycheck, charging exorbitant rates for financial quick-fixes. Although that perception is prevalent among many employers, it’s far from the complete picture. No one is immune from financial stress that can [...]
This Little Piggy Went to College
When her son, Cole, came home from his first day of kindergarten at a public school in San Francisco two years ago, Lauren Sigurdson, a single mom who struggles to pay basic expenses, found a welcome surprise tucked in his [...]
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