Discussion Paper
Delivery of financial literacy programs
Rhine, Sherrie L. W.; Toussaint-Comeau, Maude (2000)
A critical challenge faced by educators, community leaders and policy makers is to bring financial literacy and consumer education effectively to their constituencies. Based on the qualitative evidence gleaned from focus groups, we take a pragmatic approach in proposing ways to deliver financial literacy programs to adults. This article makes several suggestions for implementing financial literacy programs, from outlining important financial literacy and consumer education topics to discussing the logistics of using various method of outreach activities.
Consumer and Community Affairs Policy Studies , Paper 2000-7

Journal Article
Small business finance in two Chicago minority neighborhoods
Bond, Philip; Townsend, Robert M.; Huck, Paul; Rhine, Sherrie L. W. (1999-04)
The authors use survey data to measure the use of formal and informal sources of financing by owners of small businesses in two ethnic neighborhoods. The authors find substantial differences across ethnic groups in the amount of start-up funding obtained and in the use of trade credit.
Economic Perspectives , Volume 23 , Issue Q II , Pages 46-62

Working Paper
The importance of check-cashing businesses to the unbanked: racial/ethnic differences
Toussaint-Comeau, Maude; Greene, William H.; Rhine, Sherrie L. W. (2003)
The roughly 9.5 percent of all U.S. families that are without some type of transaction account (unbanked) are disproportionately represented by minorities. The unbanked often must rely on alternative ways to carry out basic financial transactions such as cashing payroll checks and paying bills. This study analyzes unique survey data and finds that a consumer's decision to patronize check-cashing businesses is jointly made with the decision to be unbanked. For the unbanked, these businesses are an important source for financial services. Attributes that contribute to these decisions, however, ...
Working Paper Series , Paper WP-03-10

Discussion Paper
Increasing participation in mainstream financial markets by black households
Rhine, Sherrie L. W.; Toussaint-Comeau, Maude (2000)
Consumer and Community Affairs Policy Studies , Paper 2000-4

Discussion Paper
Prepaid cards: an important innovation in financial services
Rhine, Sherrie L. W.; Cheney, Julia S. (2006)
This paper describes the characteristics of closed-system and open-system prepaid cards. Of particular interest is a class of open-system programs that offer a set of features similar to conventional deposit accounts using card-based payment applications. The benefits that open-system prepaid cards offer for consumers, providers, and issuing banks contribute to the increased adoption of these payment applications. Using these cards, consumers can pay bills, make purchases, and get cash from ATM networks. At the same time, consumers who hold prepaid cards need not secure a traditional banking ...
Consumer Finance Institute discussion papers , Paper 06-07

Discussion Paper
How effective were the financial safety nets in the aftermath of Katrina?
Rhine, Sherrie L. W.; Cheney, Julia S. (2006)
This paper describes the U.S. financial system?s response to the destruction caused by Hurricane Katrina and examines how financial safety nets helped meet consumers? needs in the aftermath of the storm. Overall, we find that consumers who hold deposit accounts at financial institutions are less vulnerable to financial disruptions than individuals who do not have either a checking or a savings account (the unbanked). The federal banking regulators? and financial institutions? responses to Hurricane Katrina, the financial vulnerability of unbanked families to this unexpected catastrophic ...
Consumer Finance Institute discussion papers , Paper 06-01

Discussion Paper
The homeownership and financing experience in two Chicago minority neighborhoods
Rhine, Sherrie L. W.; Toussaint-Comeau, Maude (2000)
This article documents the homeownership and financing decisions made by Hispanic and Black households in two Chicago ethnic communities to help policy makers, financial institutions and community leaders better understand the homeownership process for these two minority groups. Based on our findings, several policy initiatives and programs are proposed to improve the quality of financial literacy and ultimately for Hispanic and Black households.
Consumer and Community Affairs Policy Studies , Paper 2000-5

Working Paper
Tenure choice with location selection: the case of Hispanic neighborhoods in Chicago
Rhine, Sherrie L. W.; Toussaint-Comeau, Maude (2003)
A notable feature of immigration into the U.S. is the high degree of spatial concentration of different immigrant groups. We ask the question whether residing in areas with a large proportion of a co-ethnic group influence the decision to own a home for Hispanics in the Chicago Metropolitan area. The results show that Hispanics choose to live in Hispanic enclaves based on relatively homogeneous characteristics such as recent migration, less English language fluency, and lower income. More years in the U.S., higher education attainment and English language fluency remain strong predictors of ...
Working Paper Series , Paper WP-03-05

Conference Paper
The role of alternative financial service providers in serving LMI neighborhoods
Rhine, Sherrie L. W.; Toussaint-Comeau, Maude; Hogarth, Jeanne M.; Greene, William H. (2001)
Proceedings , Paper 785

Discussion Paper
Savings account ownership during the great recession
Ryder Perlmeter, Emily; Di, Wenhua; Greene, William H.; Rhine, Sherrie L. W. (2014-07-14)
Perspectives , Paper 6