What problems are solved by such credit cards

Assignment Help Other Subject
Reference no: EM13876778

Pew Hispanic reports that in 2005, the 6.6 million illegal immigrant families in the United States had an average annual income of $29,000, and accounted for nearly $200 billion in purchasing power. But 30 million foreign workers-legal and illegal-are said to lack bank accounts. Citigroup Inc. and Bank of America have tried to tap into that market by making credit cards available without a social security number. (Other safeguards are in place, such as the requirement that an applicant have a Bank of America account in good standing for at least three months.) Nonprofit worker centers in Hempstead, Chicago, Los Angeles, and the New Labor Center in New Brunswick, New Jersey have begun to offer debit cards to immigrants.

What problems are solved by such credit/debit cards? Created?

Reference no: EM13876778

Questions Cloud

Features and characteristics of the ideal market : Make an assignment on  an arena for nerf guns for kids. so the target market will be families with younger kids and teenagers aged 14-25
What happened when practices were challenged in court : In Freehold, New Jersey, Mamaroneck, New York, and Redondo Beach, California, Latino day laborers who solicit work are arrested or given tickets for loitering in public places.
Compute the variable overhead efficiency variance : Compute the following Variable overhead efficiency variance, Variable overhead spending variance and Fixed overhead spending (budget) variance for April.
Determine the interest rate that the ira paid out : A self-employed individual contributes $5,000 annually for 30 years into an Individual Retirement Account (IRA). At the end of 30 years the account balance is $230,000. Assuming monthly compounding, determine the interest rate that the IRA paid out..
What problems are solved by such credit cards : Pew Hispanic reports that in 2005, the 6.6 million illegal immigrant families in the United States had an average annual income of $29,000, and accounted for nearly $200 billion in purchasing power
Cray-z consultants provides management accounting : Cray-Z Consultants provides management accounting advice to not-for-profit firms.
Perform a three-way breakdown of the total overhead variance : Perform a three-way breakdown of the total overhead variance, as follows Overhead spending variance and Variable overhead efficiency variance.
How much can they withdraw each year in question : The parents of a child set up a college fund for her. They contribute $450 monthly to the fund which pays 4.25 % interest compounded monthly.
What are the pros and cons of this approach : In 2006 the IRS issued some 1.5 million ITINS, the most ever, and news outlets reported that spring 2007 saw an increase in federal tax filings from undocumented aliens. What are the pros and cons of this approach?

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd