Escalating overdraft charges. Minimum balances. High ATM, check-cashing and debit card fees.
Banking can be expensive, especially for low-wage workers.
@margotroosevelt reports: latimes.com/business/story…
Banking can be expensive, especially for low-wage workers.
@margotroosevelt reports: latimes.com/business/story…
A score of California lawmakers has signed on to a new bill designed to offer Golden State households free financial services.
The bill takes on the state’s powerful banks at a time when easier access to banking could help families cope with the pandemic. latimes.com/business/story…
The bill takes on the state’s powerful banks at a time when easier access to banking could help families cope with the pandemic. latimes.com/business/story…
If it passes, the California Public Banking Option Act would create BankCal, the first state government program in the nation to offer universal consumer banking, according to financial policy experts. latimes.com/business/story…
The program would provide no-fee debit cards, direct deposits from employers and government agencies, electronic bill payment and ATM access, directly competing with private banks. latimes.com/business/story… 
The plight of the “unbanked” and “underbanked” is under new focus as the nation seeks to address the economic and racial inequities that have grown during the COVID-19 pandemic.
@margotroosevelt reports: latimes.com/business/story…
@margotroosevelt reports: latimes.com/business/story…
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