Banking
New York State is cracking down and limiting bank overdraft and insufficient funds fees. The reason is to encourage financial institutions to “address demand for low-cost banking services.” The insufficient funds and overdrafts fees disproportionately impact individuals with low-income. The Department of Financial Services sent the new guidance to regulated banks in New York State. […]
With all the tragedies happening this year there’s also history being made . A black owned bank in Los Angeles is merging with another black owned bank in Washington DC that will increase resources for funding and be the first step towards expanding low-income banking opportunities. City First Bank and Broadway Federal Bank announced their […]
-
Pages