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Yesterday, I and 50+ Dems submitted a request to @AppropsDems of $10m to fund Dodd-Frank’s Small Dollar Loan Program, which would help community focused banks and credit unions better serve as alternatives to higher cost payday lenders. We must expand the financial mainstream.pic.twitter.com/zPdZHlVLrP
One pesky contributor to the wealth gap is the underbanked’s lack of full access to affordable and safe financial services. According to a 2015 @urbaninstitute study Jamaica Queens has the 4th highest share of underbanked individuals in NYC. My goal is to reverse that stat.
How about a public bank?
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