Latest News for: Latino banking

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Programs offer stability for unbanked Nevadans

Las Vegas Sun 14 Jun 2021
Peter Guzman knows it can be easier to swindle those in the unbanked population within the Latino community in Las Vegas ... “One of the first steps to financial stability is becoming banked and using it for transactions.” ... In the Latino community, the barriers to the banking system can be different than in some other minority communities, Guzman said.
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AP News Digest 2 p.m.

Omaha World-Herald 09 Jun 2021
Speaking to The Associated Press, former Iranian Central Bank chief Abdolnasser Hemmati stressed that an American return to Iran’s tattered nuclear deal was key to any possible relationship amid the wider tensions in the Mideast ... Many are hopeful it will mark a new beginning on the big screen for Latinos, the largest minority group in the U.S.
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Tech Companies Made Big Pledges to Fight Racism Last Year — Here's How They're Doing So Far

NBCBayArea 07 Jun 2021
PayPal created a $500 million Economic Opportunity Fund for Black and Latino-led start-ups, venture investing and depository holdings in minority-owned banks and credit unions. From this fund, it deposited $50 million in Optus Bank in South Carolina, invested $50 million in Local ...
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Ally Bank ends overdraft fees, a first for large US banks

The Star Democrat 06 Jun 2021
NEW YORK (AP) — Ally Financial said Wednesday that it is ending overdraft fees entirely on all of its bank products, becoming the first large U.S ... It’s also a common reason why Black and Latino households choose to be “unbanked,” that is being without a bank account, in order to avoid the fees that often come with these accounts.
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Ally Bank to end all overdraft fees

Rocky Mount Telegram 05 Jun 2021
NEW YORKAlly Financial said Wednesday that it is ending overdraft fees entirely on all of its bank products, becoming the first large U.S ... It’s also a common reason why Black and Latino households choose to be “unbanked,” that is being without a bank account, in order to avoid the fees that often come with these accounts.
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When it comes to wealth, New Jersey remains one of America's most segregated states | ...

Burlington County Times 04 Jun 2021
What this report shows is nothing less than a massive chasm in how whites and African Americans and Latinos live in our allegedly “blue,” progressive state ... For many Black and Latino families, a bank account is a pipe dream. As many as 26% of Black and Latino New Jersey residents have no bank account to build any sort of savings.
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Ally Bank Says It's Ending Overdraft Fees, a First for Large US Banks

NBCBayArea 03 Jun 2021
Ally Financial said Wednesday that it is ending overdraft fees entirely on all of its bank products, becoming the first large U.S ... It's also a common reason why Black and Latino households choose to be “unbanked,” that is being without a bank account, in order to avoid the fees that often come with these accounts.
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Ally Bank Totally Eliminates Overdraft Fees For All Customers

CBS Sports 03 Jun 2021
bank to end overdraft fees across its entire business ... It’s also a common reason why Black and Latino households choose to be “unbanked,” that is being without a bank account, in order to avoid the fees that often come with these accounts ... The announcement affects roughly 3.6 million checking, savings and money market accounts, the bank said.
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Notable Deaths

News-Press Now 03 Jun 2021
RED BANK, N.J ... He died Sunday at Riverview Medical Center in Red Bank, his family said ... Day Funeral Home in Red Bank. Latino, retired Catholic bishop, dies in Mississippi ... Joseph Latino, bishop emeritus of the Catholic Diocese of Jackson, Mississippi, died Friday at the University of Mississippi Medical Center, the diocese said.
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Citi Continues to Expand Its Impact Fund Portfolio with Five New Investments

The Marshall News Messenger 03 Jun 2021
Greenwood is a Black-founded, tech-enabled, financial banking platform built for African Americans, Latinos and allies of the culture ... Along with partner banks, Greenwood is developing a suite of financial products that support sustainable entrepreneurship, empower wealth creation, and promote financial literacy.
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Ally Bank ends all overdraft fees, first large bank to do so

The Spokesman-Review 02 Jun 2021
In its announcement, the Charlotte, North Carolina-based bank cited specifically the impact that overdraft fees have on Black and Latino households, which are historically poorer than their white counterparts and are hit with overdraft fees more often.
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Overdraft Fees Are Getting the Boot at Ally Financial

Wall Street Journal 02 Jun 2021
Customers who overdraw their accounts will no longer face a $25 penalty, the bank is expected to say Wednesday ... accounts at Ally’s online bank ... Morais said, and the bank also studied research that found that overdraft fees disproportionately affect Black and Latino households.
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Business in brief

News-Press Now 02 Jun 2021
In its announcement Wednesday, the Charlotte, North Carolina-based bank cited specifically the impact that overdraft fees have on Black and Latino households, which are historically poorer than their white counterparts and are hit with overdraft fees more often.
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