[goodwithagun]

“helping the “unbanked” enter the financial mainstream by opening checking and savings accounts”

I didn’t know they weren’t allowed to. The credit union I belong to only has a county residency requirement.

[Mjaye]

I didn’t know they weren’t allowed to. The credit union I belong to only has a county residency requirement.<<<<<<<<<<<

Aside from the obvious implication involving illegals, many who use these services are denied checking accounts by banks due to NSF checks. Once they end up in the “bad check” database, it probably takes a few years to get it off the record. I suppose we will somehow subsidize them, now.

[Kozak]

Coming soon, “subprime” bank accounts.

[Ann Archy]

“helping the “unbanked” enter the financial mainstream by opening checking and savings accounts”

OMG!! OMG!!! THIS is why the housing market is in a semi-meltdown!!! Demanding that people who were TOO POOR or bad credit risks MUST be abke to "buy" homes!!!

If this goes thru, look for the banking business to go KAPUT also!!