Your English writing platform
Discover LudwigSuggestions(2)
Exact(3)
UK banks are being urged to handle their fair share of financially troubled customers following the Co-operative Bank's decision to stop offering basic banking services to new customers who are undischarged bankrupts.
The three entities, known as wholesale credit unions and located in Connecticut, Illinois and Texas, were seized by regulators from the National Credit Union Administration, which supervises about 7,500 credit unions that provide basic banking services to millions of Americans.
as a way to bring affordable basic banking services to low-income neighborhoods.
Similar(57)
Credit unions and some smaller banks seem able to provide basic banking services at lower cost than behemoths like Citi and BofA do.
Kirsten Gillibrand (D-N.Y). is introducing a bill that would require every U.S. post office to provide basic banking services as a low-cost alternative to payday loans.
This reduces access to basic banking services for the millions of Americans who live abroad while exacerbating the "too big to fail" phenomenon.
In May, it sued New York State over its regulatory efforts to stop the sale of NRA-branded Carry Guard liability insurance, claiming that the campaign has cost it more than $20 million and has "imperiled the NRA's access to basic banking services" and other essential business relationships.
Daily drains on purchasing power caused by high fees, exorbitant rates and limited access to affordable credit and basic banking services are making it more difficult for millions of Americans to enter the middle class and making the foothold that many have feel tenuous.
In continental Europe dealers in foreign coin, or "money changers," were among the first to offer basic banking services, while in London money "scriveners" and goldsmiths played a similar role.
But without access to many basic banking services, budding entrepreneurs are facing hurdles in getting new ventures off the ground.
Now, in the wake of another financial crisis, there's a new push for the U.S. Postal Service to deliver basic banking services again.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com