News Roundup: Are Banking Deserts Increasing?

woman-at-bank

An advocacy group wants to regulate paid preparers, a state EITC bill advances, and communities suffer without mainstream banking services.

  • The Atlantic investigates the social epidemic of “banking deserts” in lower-income communities and communities of color, and its effects on asset-building.
  • Local advocates in Cleveland fight to regulate paid tax preparers who prey on low-income workers and encourage the use of local VITA sites as an alternative.
  • Maryland advances a bill expanding the EITC for working families and workers under 25 without children.
  • Bread for the World explains how asset poverty is a hunger issue and calls for more than the EITC and SNAP to end it.

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