This article warms my heart today. Check cashing places, or predatory lenders, prey on people who aren't able to open bank accounts. The big banks partnering to make it easier to get an account for lower-income San Francisco residents - good news! And other cities are paying attention.
If this 71yr old woman in the article spends almost $200 a month on check cashing and money order fees, and that money can be saved simply by getting her a checking account... wow. And she's not having to carry around cash and being afraid of getting attacked? This makes me happy.
Expand this program ASAP!
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