What it Means to Live in a Banking Desert

A recent Atlantic article, Life in a Banking Desert, explores the implications of the increasing percentage of households living in communities without access to mainstream banking services. The article cites a March New York Fed study that highlights the decades-long trend of bank branches closing in lower-income communities and communities of color. Similar to convenience stores moving into…

Financial Capability Programs in Native Communities

First Nations Development Institute has prepared a report on the financial capability strategies and programs currently serving reservation-based Native communities in the North West. As the report notes, financial capability strategies are one important component of a larger multi-faceted economic development strategy helping Native communities rebuild cultural, social and economic systems. The report provides a…

Financial Resources for Recent Immigrants

Research shows that individuals with limited English proficiency face significant barriers to financial literacy and to navigating everyday financial affairs. The Consumer Financial Protection Bureau (CFPB) has developed a Newcomer’s Guide to Managing Money, currently available in Spanish with more languages on the way. The guides include fact sheets on ways to receive money from…