Financial Literacy For TheUnderprivileged

Published March 27, 2006, 1:00 a.m. EST

|

Updated August 27, 2020, 2:15 a.m. EDT

1 Min Read

ALBANY, N.Y. - (03/27/06) Disabled individuals, thehomeless and disadvantaged children will receive free financialliteracy training under an innovative new program launched hereFriday by State Employees CU. The program, geared towardsdisadvantaged residents, will provide lessons in householdbudgeting, understanding credit reports, repaying debts, holding achecking account, payday loans, homeownership options, and othercritical financial skills. SEFCU has partnered with the New YorkState Office of Temporary and Disability Assistance and the AlbanyDepartment of Social Services to deliver the program, which isscheduled to start April 7. The program is specifically targetingchildren aging out of foster care, people evicted from their homes,Medicaid and Food Stamp recipients, grandparents caring for theirgrandchildren, and others lacking in basic bankingskills.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Minimum capital requirements

Clash of titans: GSIB proposal pits megabank against megabank

JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.

By Maria Volkova
Reporter

June 26
Politics and policy

Housing bill expected to become law — sooner or later

House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.

By John Heltman
Washington Bureau Chief

June 26
Payments

Airwallex announces $320 million fundraise and CFO hire

The global payments platform, which recently expanded to the U.S., also plans to build new autonomous finance and agentic commerce products.

By Melinda Lucy
Tech Reporter

June 26
Litigation

Epstein victim says Puerto Rico bank facilitated his crimes

A new lawsuit seeking class-action status alleges that FirstBank Puerto Rico knowingly facilitated Jeffrey Epstein's sex trafficking operation by failing to enforce basic anti-money-laundering and know-your-customer rules.

By Kate Berry
Reporter

June 26
Industry News

Pinnacle chooses new Midtown Atlanta HQ

Pinnacle Financial Partners' headquarters is moving to a new 25-story office tower in Midtown Atlanta; New Jersey-based Provident Bank appoints Adriano Duarte to succeed Thomas Lyons as chief financial officer; Binance will shut down services for customers in France, Italy, Spain and Poland after the exchange withdrew its MiCA licence application in Greece; and more in this week's banking news roundup.

By Traci Parks
Copy editor, American Banker

June 26
Health care strategies

US Bank takes a swing at automating healthcare payments

The bank is part of a trend of financial institutions trying to streamline a complicated industry that paper has dominated for years.

By John Adams
Executive Editor, Payments

June 26

Load More