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Unbanked
The unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for their financial needs, where these are available. Causes Some reasons a person might not have a bank account include: * Lack of access via a nearby bank branch or mobile phone * Minimum balance fees * Distrust of the banking system, typically due to lack of transparency regarding fees and deposit timingThe Unbanking Of America - ''Think'' interview with economist Lisa Servon * No access to government-issued ID, which is required to open a bank account The unbanked in the United States The ''unbanked'' are described by the[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank On California
Bank on California is an initiative started by California Governor Arnold Schwarzenegger on December 12, 2008, to help Californians open a bank account. The program seeks to encourage financial institutions to relax identification requirements when opening a bank account to include Matricula Consular de Alta Seguridads, Mexican CID cards and Tarjeta de Identificación Consular Guatemalteca, Guatemalan CID cards as well as other consular identification card, CID cards. California mayors were enlisted to promote the program, which currently includes San Francisco, Los Angeles, Oakland, California Capital Region and Inland SoCal. The program was first announced by Governor Schwarzenegger and former President Bill Clinton in ''The Wall Street Journal'' on January 24, 2008. California was lauded as the first state in the nation to start such an initiative and would be coordinated with the Federal Deposit Insurance Corporation. It seeks to draw the "unbanked" into financial institutio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comerica Bank
Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. It has retail banking operations in Texas, Arizona, California, Michigan and Florida, with select business operations in several other U.S. states, as well as in Canada and Mexico. The bank sponsors Comerica Park in Detroit and formerly sponsored the Comerica Theatre in Phoenix. From 2007 to 2010, Comerica also sponsored the Comerica Bank New Year's Parade in Dallas. History In 1849, the company was founded in Detroit by Elon Farnsworth as the Detroit Savings Fund Institute. Its name changed to The Detroit Savings Bank in 1871 and to The Detroit Bank in 1936, being one of the few area banks to survive the Great Depression. In 1956, the company merged with Birmingham National Bank, Ferndale National ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Underbanked
The underbanked is a characteristic describing people or organizations who do not (or volunteer to not) have sufficient access to mainstream financial services and products typically offered by retail banks and thus often deprived of banking services such as credit cards or loans. The underbanked can be characterized by a strong reliance on non-traditional forms of finance and micro-finance often associated with disadvantaged and the poor, such as cheque cashers, loan sharks and pawnbrokers. Many people who are classified as underbanked may also have a language barrier, such as migrant workers, be unable to access banking facilities due to distance, such as the elderly, or simply feel uncomfortable using automated teller machines. The underbanked are a distinct group from the ''unbanked'', who are characterized by having no banking facilities at all. Distribution Small countries have fewer banking provisions than large countries, even allowing for the smaller size of their econ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alternative Financial Services
An alternative financial service (AFS) is a financial service provided outside traditional banking institutions, on which many low-income individuals depend. In developing countries, these services often take the form of microfinance. In developed countries, the services may be similar to those provided by banks and include payday loans, rent-to-own agreements, pawnshops, refund anticipation loans, some subprime mortgage loans and car title loans, and non-bank check cashing, money orders, and money transfers. It also includes traditional moneylending by door-to-door collection. In New York City, these are called check-cashing stores, and they are legally exempted from the 25 percent criminal usury cap. Alternative financial services are typically provided by non-bank financial institutions, although person-to-person lending and crowd funding also play a role. These alternative financial service providers are estimated to process about 280 million transactions per year, repre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment System
A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, instruments, people, rules, procedures, standards, and technologies that make its exchange possible.Biago Bossone and Massimo Cirasino, "The Oversight of the Payment Systems: A Framework for the Development and Governance of Payment Systems in Emerging Economies"The World Bank, July 2001, p.7 A common type of payment system, called an operational network, links bank accounts and provides for monetary exchange using bank deposits. Some payment systems also include credit mechanisms, which are essentially a different aspect of payment. Payment systems are used in lieu of tendering cash in domestic and international transactions. This consists of a major service provided by banks and other financial institutions. Traditional payment systems include negotiable instruments such as drafts (e.g., cheques) and documentary credits such as letters of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matricula Consular
''Matricula'', a Latin word meaning a register, has several meanings in Christian antiquity. The word is applied first to the catalogue or roll of the clergy of a particular church; thus ''clerici immatriculati'' denoted the clergy entitled to maintenance from the resources of the church to which they were attached. Allusions to matricula in this sense are found in the second and third canons of the Council of Agde and in canon 13 of the Fourth Council of Orléans (both of the sixth century). As a registry, a matricula can also be used to refer to a document students sign at the beginning of their collegiate careers as part of a matriculation ceremony that some colleges and universities perform for incoming students to formally mark the beginning of their studies. A second use of the term was to refer to the ecclesiastical list of poor pensioners who were assisted from the church revenues; hence the names ''matricularii'', ''matriculariae'', by which persons thus assisted, together ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mexican CID Card
Mexican may refer to: Mexico and its culture *Being related to, from, or connected to the country of Mexico, in North America ** People *** Mexicans, inhabitants of the country Mexico and their descendants *** Mexica, ancient indigenous people of the Valley of Mexico ** Being related to the State of Mexico, one of the 32 federal entities of Mexico ** Culture of Mexico *** Mexican cuisine *** historical synonym of Nahuatl, language of the Nahua people (including the Mexica) Arts and entertainment * "The Mexican" (short story), by Jack London * "The Mexican" (song), by the band Babe Ruth * Regional Mexican, a Latin music radio format Films * ''The Mexican'' (1918 film), a German silent film * ''The Mexican'' (1955 film), a Soviet film by Vladimir Kaplunovsky based on the Jack London story, starring Georgy Vitsin * ''The Mexican'', a 2001 American comedy film directed by Gore Verbinski, starring Brad Pitt and Julia Roberts Other uses * USS ''Mexican'' (ID-1655), United State ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Illegal Immigration
Illegal immigration is the migration of people into a country in violation of the immigration laws of that country or the continued residence without the legal right to live in that country. Illegal immigration tends to be financially upward, from poorer to richer countries. Illegal residence in another country creates the risk of Immigration detention, detention, deportation, and/or other sanctions. Asylum seekers who are denied asylum may face impediment to expulsion if the home country refuses to receive the person or if new asylum evidence emerges after the decision. In some cases, these people are considered illegal aliens, and in others, they may receive a temporary residence permit, for example with reference to the principle of non-refoulement in the international Refugee Convention. The European Court of Human Rights, referring to the European Convention on Human Rights, has shown in a number of indicative judgments that there are enforcement barriers to expulsion t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Banking
Banking in the United States began by the 1780s along with the country's founding and has developed into highly influential and complex system of banking and financial services. Anchored by New York City and Wall Street, it is centered on various financial services namely private banking, asset management, and deposit security. The beginnings of the banking industry can be traced to 1780 when the Bank of Pennsylvania was founded to fund the American Revolutionary War. After merchants in the Thirteen Colonies needed a currency as a medium of exchange, the Bank of North America was opened to facilitate more advanced financial transactions. As of 2018, the largest banks in the United States were JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and Goldman Sachs. It is estimated that banking assets were equal to 56 percent of the U.S. economy. As of September 8, 2021, there were 4,951 FDIC insured commercial banks and savings institutions in the U.S. History Merchants ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Massachusetts Amherst
The University of Massachusetts Amherst (UMass Amherst, UMass) is a public research university in Amherst, Massachusetts and the sole public land-grant university in Commonwealth of Massachusetts. Founded in 1863 as an agricultural college, it is the flagship and the largest campus in the University of Massachusetts system, as well as the first established. It is also a member of the Five College Consortium, along with four other colleges in the Pioneer Valley: Amherst College, Smith College, Mount Holyoke College, and Hampshire College. As of Fall 2022, UMass Amherst has an annual enrollment of more than 32,000 students, along with approximately 1,900 faculty members. It is the largest university in Massachusetts by campus size and second largest university by enrollment in Massachusetts, after Boston University. The university offers academic degrees in 109 undergraduate, 77 master's and 48 doctoral programs. Programs are coordinated in nine schools and colleges. The Universit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inter-American Development Bank
The Inter-American Development Bank (IDB or IADB) is an international financial institution headquartered in Washington, D.C., United States of America, and serving as the largest source of development financing for Latin America and the Caribbean. Established in 1959, the IDB supports Latin American and Caribbean economic development, social development and regional integration by lending to governments and government agencies, including State corporations. The IDB has four official languages: English, Spanish, Portuguese and French. Its official names in the other three languages are as follows: History At the First Pan-American Conference in 1890, the idea of a development institution for Latin America was first suggested during the earliest efforts to create an inter-American system. The IDB became a reality under an initiative proposed by President Juscelino Kubitshek of Brazil. The Bank was formally created on April 8, 1959, when the Organization of American States dr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arnold Schwarzenegger
Arnold Alois Schwarzenegger (born July 30, 1947) is an Austrian and American actor, film producer, businessman, retired professional bodybuilder and politician who served as the 38th governor of California between 2003 and 2011. ''Time'' magazine named Schwarzenegger one of the 100 most influential people in the world in 2004 and 2007. Schwarzenegger began lifting weights at the age of 15 and went on to win the Mr. Universe title at age 20 and subsequently won the Mr. Olympia title seven times. He is widely regarded as one of the greatest bodybuilders of all time, and has written many books and articles about bodybuilding. The Arnold Sports Festival, considered the second-most important bodybuilding event after Mr. Olympia, is named after him. He appeared in the bodybuilding documentary ''Pumping Iron'' (1977). Schwarzenegger retired from bodybuilding and gained worldwide fame as a Hollywood action star, with his breakthrough in the sword and sorcery epic ''Conan the B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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