NOW AT EUR THIS N THAT: Millions Without Bank Accounts

(December 4, 2009)
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     *We, in the black community, probably thought it was only our Uncle Ray that was still using his mattress as his savings account, but according to a comprehensive survey by The Federal Deposit Insurance Corp. (FDIC) "nearly 22 percent of black households and 71 percent of families earning less than $30,000 do not use banks." 

     The Washington Post printed these statistics from the report that are both enlightening and surprising.  The report states that Atlanta was #1 for unbanked and underbanked residents with Baltimore coming in second. 

     On Wednesday, Sen. Herb Kohl (D-Wis.) proposed legislation that will get the banks to reach out to those who are underserved by the banking system.  And by "reaching out" he means for the banks to start opening up their vaults and releasing "small, short-term loans" that are federally guaranteed.

     Read more of the Washington Post report HERE.

ALSO: New Director - Ava DuVernay - Readies 'I Will Follow' (Photos)

     *A new independent, dramatic feature, written and directed by Ava DuVernay entitled, "I Will Follow" is preparing to launch in late 2010 at a theater near you.

     The film stars Salli Richardson-Whitfield (I Am Legend, Antwone Fisher, A Low Down Dirty Shame) and was shot on location in Topanga Canyon, California.

     The film chronicles the emotional terrain of a thirty-something woman as she moves out of the home once shared with a loved one whose passed away.  As her moving day progresses, she's sidetracked by a series of personal encounters that trigger grief, guilt and eventually, emotional freedom.

     Cick over and check out flicks from the film, HERE.

     Also click over so you can enjoy these other eurthisNthat headlines:

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60 Million U.S. Residents Are Without Bank Accounts
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New Director - Ava DuVernay - Set To Release 'I Will Follow' (Photos)
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