Can you afford that house? It’s getting harder. · The housing and rental market in Colorado Springs has very few affordable options. Even buyers that can afford this market are having a hard time finding something in a timely manner. A seller’s market is bad news for a buyer. It’s really bad news for a buyer with minimal resources. It can be difficult to find a good apartment or home for your family when you can’t afford to make the competitive offers.
Advocates say that postal banking systems would help low-income individuals and communities of color. 2012 data from Pew found that African-Americans are 105 percent highter to use payday loans.
Big, structural change: We’ve done it before, and we can do it again What is great is that we don’t have to change the structure to get out of pain. Which is good because we rarely can. Roughly, we can do two things: 1. We have to change the sensitizing agent and this can be done a number of ways. Or. 2. we build our tolerance to the sensitizing agent or the structural change. This is similar to our cup analogy.
Post-office banking Put your money where. could save low-income consumers hundreds of millions or even billions of dollars in interest and fees.. They see the postal services’ expansion.
Postal banking would provide essential banking services throughout these banking deserts, reaching out to people who struggle to make it day-to-day without something as mundane as a debit card. It also provides an alternative to the shady tactics used by banks to lure in customers and make record profits.
This is an excellent idea and a needed resource in low income communities plagued by check cashing and payday loan predatory businesses. The post office has experience with financial instruments like money orders and money transfers. Going back to a historical tradition of check cashing and savings on small amounts of money would not be a stretch.
· Senator Kirsten Gillibrand, D-N.Y., is proposing legislation aimed at putting an end to current payday lending practices by giving some banking services a new home: the U.S. Post Office.
This is how boomers are reinventing retirement living Fixed-rate home loan falls below 1% The lender can lose even more money if the price of a home falls below. style loan.) counselor der torossian said if a lender agrees to a loan modification, it usually will cut the rate only to the.
Would you or should you bank at the post office?. Post offices could give low-income americans access to financial services. The study found that rural communities could benefit the most.
One solution could come from your friendly neighborhood post office. What if you could get a low-interest loan there, rather than an extortionate payday loan from a for-profit payday loan company? Postal banking used to be widespread. Now it could be coming back.
The use of correspondent agents is leading to a significant expansion of low-income workers’ physical access to financial services: Brazil: In 2000, nearly 30 percent of Brazil’s municipalities had no access to formal financial services. But between 1999 and 2003, the government revised its regulations to allow correspondent banking and facilitated its expansion by improving the country.
The time is ripe to implement postal banking. What is needed is a rising rumble from the people focused on Postmaster General Megan Brennanwho has the authority to act now on implementing surcharge free ATMS, payroll check cashing, bill-paying services and electronic money transfers and on Congress to allow loans and other new services.
Anne Hegerty: The Chase star spills all on ‘filthy little secret’ in candid interview Anne Hegerty defended The Chase host Bradley Walsh as she spoke out. Meanwhile, it comes after Anne Hegerty spilled all on her “filthy little secret” in a frank new interview. The quiz champion has.