Updates
Updates
S&P: Income Inequality Is Damaging the Economy
Improved education will have clear benefits for GDP growth, S&P says Rating agency Standard & Poor’s has become one more emphatic voice blaming the halting post-recession recovery on high income inequality in the United States, as an S&P report out [...]
Credit Union Group Offers Alternative to Payday Loans
A group of five credit unions have signed on to a new program in which they’ll partner with employers to offer small cash loans that don’t require a credit check. Those involved say one of the primary missions of the [...]
Your Money, Your Goals
The Consumer Financial Protection Bureau has released Your Money, Your Goals: A financial empowerment toolkit for social services programs. Your Money, Your Goals is a toolkit that social services organizations can use to help their clients set goals, choose financial products [...]
The Unbanked: Offering Small Fees, Banks Cater to Low-Income Customers
One woman kept her savings — a $100 bill — in the freezer. Another, a single mother in Texas, said she had only enough extra cash each week to buy one wooden letter, for $3, to spell out her daughter’s [...]
When Employees Need More Than an Advance on Their Paycheck
NPR Planet Money reveals the impact Neighborhood Trust's Employer Solution is having at a marketing firm in Seattle where Andrew Rosenkranz describes the benefit of offering financial advisement to his employees. Read the rest at NPR Planet Money
Federation Plans to Expand Support for Financial Empowerment in CUs
Credit unions in low-income communities recognize that meeting the financial needs of members often means going beyond simply offering products to also providing education and counseling to help their members utilize products effectively and reach their financial goals. Today more [...]
Follow Us