Big banking institutions tear down scores of low-income depositors with fake records or fees that are unnecessary home loan redlining or maybe more prices .

Big banking institutions tear down scores of low-income depositors with fake records or fees that are unnecessary home loan redlining or maybe more prices .

by Paul Bass | Nov 14, 2017 7:46 am

Payday lenders victimize the” that is“unbanked loan-shark interest levels they can’t fulfill.

Having said that, brand new Haven now has Samantha Savvidou. Can she arrived at the rescue?

Savvidou, a social worker fresh down receiving her masters from University of Connecticut, has put up store as a first-ever “Bank On Fellow” to aid the 20 % of the latest Haveners whom don’t have traditional bank records obtain accounts and discover strategies that continue money within their arms.

A group of such “Bank On Fellows” have actually begun operate in spots in the united states. The not-for-profit that is national Cities for Financial Empowerment Fund create this program through five state-level. The Connecticut Association for Human Services (CAHS) is its partner for the state, and CAHS hired Savvidou when it comes to two-year gig in brand new Haven.Read more