Occupy Movement Soldiers On, Launches Collective Banking Enterprise

Organizers hope the Occupy Money Cooperative will extend financial services to populations who would otherwise be excluded.

Martin Michaels
By Martin Michaels

Roughly 30 million U.S. citizens lack a bank account or have limited access to financial services. Banking fees, minimum account balances and other prohibitive policies have cut off nearly 10 percent of the public from services that most Americans take for granted. Changing the status quo is the goal of a new Occupy Wall Street project called the

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Low-Wage Workers Get Pinched As Banks Impose Fees On Payroll Cards

Companies can save thousands of dollars by switching to a paperless prepaid card option while banks collect fees from card users.

Martin Michaels
By Martin Michaels

Millions of low-wage workers are being hit with fees just to access their paychecks. It’s an increasingly common trend at companies that are turning to prepaid cards instead of paper paychecks or direct deposit to distribute wages.  Walgreens, Taco Bell and Wal-Mart have already adopted the prepaid cards for most employees, and many other

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