2 research outputs found

    The $19 Million ATM Fee: How Better Banking Services Would Protect Our Public Investment in Families

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    This report cites the $19.4 million in ATM fees paid by recipients of CALWORKs and other public assistance programs in 2012. The report calls on banks, the State of California, local counties, and nonprofit partners to work together to reduce the amount of money being lost to ATM fees through the CalWORKs program, which serves families with children and accounts for about 85% of the ATM fees

    Down in the Valley: Financial Neglect in Rural California

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    The most powerful banks in California and the nation are failing to meet the financial services and credit needs of residents and businesses in the San Joaquin Valley. Bank of America, JPMorgan Chase and Wells Fargo (the "Big 3 banks") provide a lower level of affordable consumer, housing and small business lending and services to Valley residents and businesses than they do to consumers in other parts of California. Bank regulators contribute to this failure because they do not enforce the necessary attention from banks to nonmetropolitan areas like the Valley. As a result, the San Joaquin Valley lags in growth -- a bleak fact that has become increasingly apparent during the current economic recovery. The report documents disinvestment in the San Joaquin Valley
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