Mike L

State of the Dream 2015: Underbanked and Overcharged

January 16, 2015 — Mike L
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This Martin Luther King, Jr. day, UFE is excited to release it's annual State of the Dream Report, titled "Underbanked and Overcharged." This report finds that access to banks in communities of color cost each unbanked household $3,029 per year, taking $103 billion out of the communities that need it most.

Fear < Hope: A Letter from our Board Chair

December 31, 2014 — Mike L
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You and UFE know that 2015 is going to be a challenging year. But all over the country people are rising up - workers, young people, artists, activists and educators - challenging economic and racial oppression and building grassroots power. 

Imagine

November 21, 2014 — Mike L
NALACC Conference

“We are often told we need to accept the world as it is.” Organizers and activists gathered from around the country, as well as from Mexico and Central America, to reflect on ten years of work together and to chart a path towards a world as we imagine it should be.

United With Ferguson: Racial Divides and Wealth

August 27, 2014 — Mike L
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For the past few weeks, the nation’s attention has focused on an unlikely epicenter of race relations, a Quik-Trip convenience store about fifteen miles north of St. Louis. It was there that 18-year-old Michael Brown, an unarmed black teenager, was gunned down by a white police officer, and it is there that a groundswell of sympathy and frustration has prompted the community, and nation, to act. The town of Ferguson was rocked by this tragic event, and has responded in an incredible way – by organizing.

Walmart’s check-cashing service is another way of preying

August 15, 2014 — Mike L
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AN AUG. 5 editorial praised Walmart for providing nontraditional banking options for the “underbanked” in select stores. While offering simple financial services such as low-cost check cashing sounds like a good idea, we are left to wonder what is motivating the largest retailer in the world to enter into this business. On the surface this looks like Walmart is providing a needed service to the community, but we don’t need to dig deep to see that this is another strategy to increase profits.

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