A Safer, Simpler Bank Account
Millions of people in the United States lack bank accounts, relying instead on predatory pay-day loan stores and check-cashing shops for their financial needs. Conventional wisdom has been that it’s an issue of access–banks don’t invest in low-income neighborhoods, therefore low-income people don’t have access to banks.
New York City’s Office of Financial Empowerment is disproving that thesis, with an innovative program, profiled by writing fellow Tim Fernholz in The American Prospect, that makes “plain vanilla” savings accounts available to people with poor credit histories, and then follows through with financial counseling.
Source: The American Prospect
Film Review: Spent – Looking For Change
New doc takes a closer look at the people who fall outside the traditional banking system and use services like payday lenders and title loans.
Single-Payer Health Care For the Win?
Want a national single-payer health care system? Now is the
time to show some love.
It’s Time to Come Together to Reject Compromise
We ought to put aside our extremism and come together to find common solutions, goes the conventional wisdom—and you can see where that kind of thinking has gotten us. Well, it’s time to reject this middling middle-of-the-roadism…