Texas Appleseed works to bring low-income and immigrant consumers into the financial mainstream—encouraging banks and credit unions to reach out with products and terms that will attract these under-served communities.
Too many recent immigrants and low-income workers lack bank accounts — setting themselves up as targets for robbery on payday when they have cash in their pocket. To reduce these types of crimes and encourage greater financial stability, Texas Appleseed works with law enforcement, banks and credit unions, financial regulators, and with national Appleseed and Appleseed centers in Alabama, Chicago, Georgia, Louisiana and Nebraska to improve access to formal financial services for the unbanked.
Today, Texas Appleseed remains an active partner in the FDIC's Alliance for Economic Inclusion and the Texas Asset Building Coalition. We have distributed about half a million copies of our financial education brochure series and launched a "Fair Exchange" pilot, modelled on free trade coffee, to market test greater transparency in money transfer pricing. Texas Appleseed also issued a report on the home mortgage crisis in Texas triggered by sub-prime lending.
Sharing Our Work Around the World
Senior Policy Analyst Ann Baddour represents Texas Appleseed at an international microfinance conference in Benin, Africa.