
“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:
Obama Meets Privately with Energy Industry CEOs
FinCEN Fines Ripple Labs for Bank Secrecy Act Violations
Capital Controls and a Bank Holiday in Greece
House Votes to Let Banks Take Deposits from Marijuana Businesses
Dubious 'bankster' behind Russia’s bid to trademark Bitcoin
What Will Kill Bitcoin First?
Warriors news: Will Golden State accept Bitcoin next?
Teacher arrested for bringing up admin salary at school board meeting
FDA urged to approve aspartame as hidden additive in milk products
Survey Finds that 41 Percent of Small Business Owners Have Frozen Hiring Because of Obamacare
Peer-to-Peer Economy Thrives as Activists Vacate the System
1Password adds ‘travel mode’ to keep passwords safe at the (US) border
James Corbett: What I Learned From the "PropOrNot" Propaganda List
Surveillance Back Door Worse Than No Door
Foreign Tax will affect thousands of Americans living abroad