Pay day loans, overdraft charges, low-interest credit: nyc is wanting to overcome obstacles to bank records

Pay day loans, overdraft charges, low-interest credit: nyc is wanting to overcome obstacles to bank records

About 25 % of New Yorkers don’t have a banking account or use one barely. Banking is vital for individuals to completely take part in the economy – to save cash, build credit to get ahead. The state is trying to expand access to banking for people who don’t earn very much money with a new proposal. Continue reading “Pay day loans, overdraft charges, low-interest credit: nyc is wanting to overcome obstacles to bank records”