Job Opportunity for Bridges Champion

The United Way of Forsyth County in Winston-Salem, N.C. has a job opening for an Executive Director of Partnership for Prosperity. The community has a strong Bridges Out of Poverty initiative, making this an attractive opportunity for a Bridges champion, according to Phil DeVol, who called this to our attention. If you’re interested, click here. … Read more

California Eliminates Money Bail

Here’s a good example of removing a structural barrier from the paths of low-income individuals by addressing an exploitative practice at the policy level. Recently Gov. Jerry Brown signed legislation to eliminate cash bail in California. The change aims to treat both rich and poor fairly by eliminating a practice (widespread throughout the country) that … Read more

‘A Way of Monetizing Poor People’

As new federal regulations have curtailed payday lending, private equity firms — including one headed by former U.S. treasury secretary Timothy Geithner, who in his role in the Obama administration condemned predatory lending — have stepped into the growing field of “consumer installment loans” to offer enticing, but exploitative, alternatives. One firm, Mariner Finance, stands … Read more

Going Postal to Kill Payday Lenders

With the rising cost of housing and the stagnation of wages, many low-income workers depend on payday loans to make ends meet — at an average annualized interest rate of 390 percent. Now, a Democratic senator has proposed an alternative: low-cost banking through the postal system. It’s an idea that can be implemented without any … Read more

Listen Now: Employer-Sponsored Small-Dollar Loans

In case you missed it on March 20, here are a link to the webinar recording on Employer-Sponsored Small-Dollar Loans and a link to the slide presentation. Emerge Solutions board president, Stephen MacDonald, is featured from minutes 23-31. Additionally, you can go to the ESSDL webpage to download the Feasibility Study, Implementation Guide and Marketing … Read more

Board of Directors Changes

Anastasia Howard has been elected vice-president of the Emerge Solutions Board of Directors. Ana has extensive experience in healthcare communications and is currently a writer/editor at First 5 LA, Los Angeles, Calif. Joining the board are three new members: Carrie Arnold, chief human resources officer, Sunshine Communities, Swanton, Ohio; Eschelle Gilkey, Ed.D., graduation success coordinator, … Read more