Concluding three years of collaborative research with partners and financially underserved consumers, the Twin Cities-based not-for-profit Prepare + Prosper has announced a three-part FAIR (Financial Access in Reach) financial solution to help financially underserved individuals build credit, savings and rid themselves of high-cost fees and interest from predatory financial products and services.
This Saturday, Minnesota leaders including Congressman Keith Ellison, Lieutenant Governor Tina Smith, and Minnesota Department of Revenue Commissioner Cynthia Bauerly will speak with a recipient of the Earned Income Tax Credit (EITC) and non-profit leaders to raise awareness and highlight how vital the EITC is in lifting 300,000 Minnesotans out of poverty each year.
The Center on Budget and Policy Priorities (CBPP) recently released a new report that highlights Minnesota for its work to reduce income inequality through improving the state’s Working Family Credit (WFC) and raising the minimum wage.
As part of Financial
Literacy Month, Minnesota Department of Revenue Commissioner Myron Frans will
visit AccountAbility Minnesota to highlight the free tax and financial services
AccountAbility Minnesota offers.