|
Unbanked
The unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for their financial needs, where these are available. Causes Some reasons a person might not have a bank account include: * Lack of access via a nearby bank branch or mobile phone * Minimum balance fees * Distrust of the banking system, typically due to lack of transparency regarding fees and deposit timingThe Unbanking Of America - ''Think'' interview with economist Lisa Servon * No access to government-issued ID, which is required to open a bank account *To avoid delinquent debts, such as creditors seizing the account in judgements, or the government collecting back taxes or child support The unbanked in the United States The ''unbanked'' are descr ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comerica Bank
Comerica Incorporated is an American financial services company, headquartered in Dallas, Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial Holding company, holding companies, with offices in a number of U.S. cities. History 1800s At the start of 1849, there were just three banks in Detroit: Farmers & Mechanics’ Bank, Michigan Insurance Company Bank and the State Bank of Michigan. These three banks were commercial banks that served the business community. On August 17, 1849, Comerica was founded in Detroit by Elon Farnsworth (Michigan Attorney General), Elon Farnsworth, a lawyer and politician, as the Detroit Savings Fund Institute. Michigan Governor Epaphroditus Ransom signed an act authorizing the formation of the institute. Ransom also appointed 11 men of high repute to serve as trustees. These men served unpaid. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Account
A bank account is a financial account maintained by a bank or other financial institution in which the financial transaction A financial transaction is an Contract, agreement, or communication, between a buyer and seller to exchange goods, Service (economics), services, or assets for payment. Any transaction involves a change in the status of the finances of two or mo ...s between the bank and a customer are recorded. Each financial institution sets the terms and conditions for each type of account it offers, which are classified in commonly understood types, such as deposit accounts, credit card accounts, current accounts, loan accounts or many other types of account. A customer may have more than one account. Once an account is opened, funds entrusted by the customer to the financial institution on deposit are recorded in the account designated by the customer. Funds can be withdrawn from the accounts in accordance with their terms and conditions. The financial transac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nashville, Tennessee
Nashville, often known as Music City, is the capital and List of municipalities in Tennessee, most populous city in the U.S. state of Tennessee. It is the county seat, seat of Davidson County, Tennessee, Davidson County in Middle Tennessee, located on the Cumberland River. Nashville had a population of 689,447 at the 2020 United States census, 2020 census, making it the List of United States cities by population, 21st-most populous city in the United States and the fourth-most populous city in Southeastern United States, the Southeast. The city is the center of the Nashville metropolitan area, home to 2.1 million people, and is among the fastest growing cities in the nation. Named for Francis Nash, a general of the Continental Army during the American Revolutionary War, the city was founded in 1779 when this territory was still considered part of North Carolina. The city grew quickly due to its strategic location as a port on the Cumberland River and, in the 19th century, a railr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment System
A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, payment instruments such as payment cards, people, rules, procedures, standards, and technologies that make its exchange possible.Biago Bossone and Massimo Cirasino, "The Oversight of the Payment Systems: A Framework for the Development and Governance of Payment Systems in Emerging Economies"The World Bank, July 2001, p.7 A payment system is an operational network which links bank accounts and provides for monetary exchange using bank deposits. Some payment systems also include credit mechanisms, which are essentially a different aspect of payment. Payment systems are used in lieu of tendering cash in domestic and international transactions. This consists of a major service provided by banks and other financial institutions. Traditional payment systems include negotiable instruments such as drafts (e.g., cheques) and documentary credi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matrícula Consular
The Matrícula Consular de Alta Seguridad (MCAS; English: High Security Consular Registration, HSCR), also known as the Mexican Consular Identification Card (Mexican CID Card; Spanish: Tarjeta de Identificación Consular Mexicana, TICM), is an identification card issued by the Government of Mexico through its consulate offices to Mexican nationals residing outside of Mexico. Also known as the Mexican CID card, it has been issued since 1871. The issue of the card has no bearing on immigration status in the foreign country they are residing in. The purpose of the card is to demonstrate that the bearer is a Mexican national living outside of Mexico. It includes a Government of Mexico issued ID number and bears a photograph and address outside of Mexico of the Mexican national to whom it is issued. Use in the United States Several states, municipalities, and businesses in the United States accept the Matrícula Consular (English: Consular Registration) as an official form of ident ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Illegal Immigration
Illegal immigration is the migration of people into a country in violation of that country's immigration laws, or the continuous residence in a country without the legal right to do so. Illegal immigration tends to be financially upward, with migrants moving from poorer to richer countries. Illegal residence in another country creates the risk of detention, deportation, and other imposed sanctions. Asylum seekers who are denied asylum may face impediment to expulsion if the home country refuses to receive the person or if new asylum evidence emerges after the decision. In some cases, these people are considered illegal aliens. In others, they may receive a temporary residence permit, for example regarding the principle of non-refoulement in the International Refugee Convention. The European Court of Human Rights, referring to the European Convention on Human Rights, has shown in a number of indicative judgments that there are enforcement barriers to expulsion to certai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Banking
In the United States, banking had begun by the 1780s, along with the country's founding. It has developed into a highly influential and complex system of banking and financial services. Anchored by New York City and Wall Street Wall Street is a street in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway (Manhattan), Broadway in the west and South Street (Manhattan), South Str ..., it is centered on various financial services, such as private banking, asset management, and Deposit insurance, deposit security. The beginnings of the banking industry can be traced to 1780 when the Bank of Pennsylvania was founded to fund the American Revolutionary War. After merchants in the Thirteen Colonies needed a currency as a medium of exchange, the Bank of North America was opened to facilitate more advanced financial transactions. As of 2018, the List of largest banks in the United States, la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Massachusetts Amherst
The University of Massachusetts Amherst (UMass Amherst) is a public land-grant research university in Amherst, Massachusetts, United States. It is the flagship campus of the University of Massachusetts system and was founded in 1863 as the Massachusetts Agricultural College. It is also a member of the Five College Consortium, along with four other colleges in the Pioneer Valley. UMass Amherst has the largest undergraduate population in Massachusetts with roughly 24,000 enrolled undergraduates. The university offers academic degrees in 109 undergraduate, 77 master's, and 48 doctoral programs in nine schools and colleges. It is classified among "R1: Doctoral Universities – Very high research activity". According to the National Science Foundation, the university spent $211 million on research and development in 2018. The university's 21 varsity athletic teams compete in NCAA Division I and are collectively known as the Minutemen and Minutewomen. The university is a memb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inter-American Development Bank
The Inter-American Development Bank (IDB or IADB) is an international development finance institution headquartered in Washington, D.C., United States of America. It serves as one of the leading sources of development financing for the countries of Latin America and the Caribbean. Established in 1959, the IDB supports Latin American and Caribbean economic, social, and institutional development and regional integration by lending to governments and sub-national agencies, developing new financial tools, creating enabling conditions for private-sector-led growth, convening and aligning countries around common interests, and bridging the region with the rest of the world. The IDB also provides extensive technical assistance to its borrowing member countries. It works across a range of sectors, including infrastructure, health, education, energy, citizen security, environmental sustainability, trade, transportation, housing, and small businesses. It works in conjunction with IDB ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank On California
Bank on California is an initiative started by California Governor Arnold Schwarzenegger on December 12, 2008, to help Californians open a bank account. The program seeks to encourage financial institutions to relax identification requirements when opening a bank account to include Mexican CID cards and Guatemalan CID cards as well as other CID cards. California mayors were enlisted to promote the program, which currently includes San Francisco, Los Angeles, Oakland, California Capital Region and Inland SoCal. The program was first announced by Governor Schwarzenegger and former President Bill Clinton in ''The Wall Street Journal'' on January 24, 2008. California was lauded as the first state in the nation to start such an initiative and would be coordinated with the Federal Deposit Insurance Corporation. It seeks to draw the "unbanked The unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arnold Schwarzenegger
Arnold Alois Schwarzenegger (born July30, 1947) is an Austrian and American actor, businessman, former politician, and former professional bodybuilder, known for his roles in high-profile action films. Governorship of Arnold Schwarzenegger, He served as the List of governors of California, 38th governor of California from 2003 to 2011. Schwarzenegger began Strength training, lifting weights at age 15 and won the Universe Championships, Mr. Universe title aged 20, and subsequently the Mr. Olympia title seven times. He is tied with Phil Heath for the joint-second number of all-time Mr. Olympia wins, behind Ronnie Coleman and Lee Haney, who are joint-first with eight wins each. Nicknamed the "Austrian Oak" in his bodybuilding days, he is regarded as one of the greatest Bodybuilding, bodybuilders of all time. He has written books and articles about bodybuilding, including the autobiographical ''Arnold: The Education of a Bodybuilder'' (1977) and ''The New Encyclopedia of Modern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Run
A bank run or run on the bank occurs when many Client (business), clients withdraw their money from a bank, because they believe Bank failure, the bank may fail in the near future. In other words, it is when, in a fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), numerous customers withdraw cash from deposit accounts with a financial institution at the same time because they believe that the financial institution is, or might become, insolvency, insolvent. When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it may become a self-fulfilling prophecy: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. To combat a bank run, a bank may acquire more cash from other banks or from the central bank, or limit the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
