
“The city of Oakland already offers residents a municipal ID card, a form of identification thought to help undocumented immigrants, in particular. Now, they’ve upped the ante, becoming the first city to add a pre-paid debit-card function to its ID. Residents can reload the card at Western Union, direct-deposit paychecks to it, withdraw cash from it at ATMs, and shop with it like any other pre-paid Mastercard. With nearly one in 10 households considered ‘unbanked’ in the U.S., Oakland’s initiative is part an effort by many cities to broaden the financial options available to low-wage workers beyond check-cashing stores and payday lenders.”
http://www.citylab.com/work/2013/08/should-cities-be-business-issuing-debit-cards/6474/
Related posts:
European Central Bank Criticizes Estonian National Cryptocurrency Plans
Mali to Ban Native Gold Mining ... Was Jim Willie Right About French Gold Seizures?
Brandon Raub Issues First Public Comments Since Being Arrested, Detained in Psych Ward Over Views
WikiLeaks: Council on Foreign Relations Controls Most Mainstream Media
Feds confiscate investigative reporter’s confidential files during raid
Oppose the War: Send Congress a History Lesson
B-52s Over Korea...Protecting Our Homeland?
If It’s Not About The Money . . .
A Crumbling Ledge on the Fiscal Cliff
The worst state budget gimmicks of 2013
Bankrupt California city facing legalizing marijuana for revenue
Overcharge: 29 States Mandate High-Cost “Green” Power Generation
The ACLU Has Basically Quit Defending The Constitution
A record 1 in 5 U.S. households carry student loan debt
Texas Congressman Is Now Accepting Bitcoins For His Senate Run