hillarya at pobox.upenn.e
01-28-2002, 08:34 AM
<!doctype html public "-//w3c//dtd html 4.0 transitional//en"> This thread raises some questions for me, such as how do people feel about a strategy that only increases banking participation?* Shouldn't we be talking about keeping control and profit in the community as well?* Is it really enough to just make someone a customer of a large corporate bank who's profit center is several states away, or should we be focusing on a strategy that is focused on community-based credit unions and the like?
hillary
ernie yacub wrote: Brookings suggests that this is good marketing for banks...
"First, it will draw more of the unbanked into bank branches. Second, it
will offer them a set of services better designed to meet their needs.
Third, it is better structured to help the unbanked become traditional bank
customers. Fourth, it is also likely to be more profitable for banks,
making them more willing to implement it."
We suggest adding community currency services for many of the same reasons
but also for those who already use banks.* Any bank and credit union could
provide ordinary banking services for virtual moneys.* See short intro in
"business case" at http://www.openmoney.org/go/connects.html
and this for context - http://www.openmoney.org/play/m&c-notes.html
ernie yacub
At 09:24 PM 1/25/2002 -0500, William Myers wrote:
>John Caskey of Swarthmore continues his work on check cashers and
>predatory lenders by proposing a solution.* A paper from The Brookings
>Institution presents a strategy that calls on participating banks to open
>special "outlets" conveniently located for lower-income households that
>would offer non-traditional services from fee-based check-cashing services
>to budget-management and credit-repair seminars.
>
>http://www.brookings.edu/es/urban/capitalxchange/article10.htm
>
>The WebClipper Digest and daily Headlines News available at:
>http://www.handsnet.org
--
Hillary Aisenstein
Director
Philadelphia Higher Education Network
*for Neighborhood Development (PHENND)
3440 Market Street, Suite 440
Philadelphia, PA 19104-3325
215-573-2379
215-573-1134 fax
hillarya@pobox.upenn.edu
http://www.upenn.edu/ccp/phennd.html
"Be the change you expect in others."
*
This post transferred from the cdb-l mailing list
hillary
ernie yacub wrote: Brookings suggests that this is good marketing for banks...
"First, it will draw more of the unbanked into bank branches. Second, it
will offer them a set of services better designed to meet their needs.
Third, it is better structured to help the unbanked become traditional bank
customers. Fourth, it is also likely to be more profitable for banks,
making them more willing to implement it."
We suggest adding community currency services for many of the same reasons
but also for those who already use banks.* Any bank and credit union could
provide ordinary banking services for virtual moneys.* See short intro in
"business case" at http://www.openmoney.org/go/connects.html
and this for context - http://www.openmoney.org/play/m&c-notes.html
ernie yacub
At 09:24 PM 1/25/2002 -0500, William Myers wrote:
>John Caskey of Swarthmore continues his work on check cashers and
>predatory lenders by proposing a solution.* A paper from The Brookings
>Institution presents a strategy that calls on participating banks to open
>special "outlets" conveniently located for lower-income households that
>would offer non-traditional services from fee-based check-cashing services
>to budget-management and credit-repair seminars.
>
>http://www.brookings.edu/es/urban/capitalxchange/article10.htm
>
>The WebClipper Digest and daily Headlines News available at:
>http://www.handsnet.org
--
Hillary Aisenstein
Director
Philadelphia Higher Education Network
*for Neighborhood Development (PHENND)
3440 Market Street, Suite 440
Philadelphia, PA 19104-3325
215-573-2379
215-573-1134 fax
hillarya@pobox.upenn.edu
http://www.upenn.edu/ccp/phennd.html
"Be the change you expect in others."
*
This post transferred from the cdb-l mailing list