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Journal Article
Banking on Safety: Banks Accept Alternative ID to Fight Crime and Reach New Markets
Opening a bank account is easy for most people. You take your driver's license, Social Security card and money to the bank, and—Presto!—you have an account. With this account comes the convenience of easy access to your money and the safety of not carrying large amounts of cash.
Journal Article
What's happening at the state and local level
Journal Article
Mortgage Data Help Paint Foreclosure Picture
As foreclosure and delinquency rates escalate, community organizations, counseling agencies and policymakers need good-quality data to understand foreclosure patterns and mitigate foreclosure losses to individuals and communities. To that end, the Federal Reserve System has aggregated mortgage performance data, created dynamic maps and made them available to the public
Journal Article
New Markets Tax Credits: The Next Tool for Community Development Financing
The New Markets Tax Credit (NMTC) has the potential to transform the financing of economic development in low-income communities much as the Low Income Housing Tax Credit (LIHTC) has done for affordable rental housing development.
Journal Article
Houstonians Get Their ABCs
For many years, low-income families, the elderly, non-English speakers and taxpayers with special needs have learned about the availability of the Earned Income Tax Credit (EITC) though the Internal Revenue Service's Voluntary Income Tax Assistance (VITA). Now, thanks to a new community-based partnership of social service agencies, federal and local government entities, faith-based organizations, local businesses and financial institutions, Houstonians will have access to more than just free tax preparation.
Journal Article
Measuring IDA Program's Impact
Since 2007, the state of New Mexico has invested $2.45 million to support Individual Development Accounts (IDAs) for New Mexico savers. This funding provides a much-needed local match required by federal IDA funding, which was awarded through the Assets for Independence Act.
Journal Article
EITC initiatives in the Fed's Eleventh District
Throughout the Eleventh District, communities are taking innovative steps to get the word out about the Earned Income Tax Credit.
Journal Article
Subprime Mortgage Performance by Metro Area
Dallas-Fort Worth-Arlington and Houston-Sugar Land-Baytown lead the state with the most securitized, owner-occupied subprime mortgages. These two metros also have a much larger number of problematic loans compared with other Texas metros.
Journal Article
Choosing a Credit Counseling Agency
Consumers can go online to get advice about choosing the right agency.
Journal Article
Kids Bank Encourages Early Saving in Fort Worth
A unique partnership between Unity One Federal Credit Union and Fort Worth's Washington Heights Elementary School created a "Kids Bank" that encourages savings and teaches children valuable financial skills that will benefit them for a lifetime.