Recent findings from the Dallas Poverty Task Force reveal what most living in North Texas known to be true: the gap between the haves and have-nots is widening. Many families struggle without access to near-by, well-paying jobs or financial and educational services within their community. This summer, Transformance and a number of local nonprofit organizations are teaming up with the City of Dallas to create a new program designed to empower single-parent households in certai
Time and again we hear a familiar story: Tales of hard-working Americans who are overwhelmed by debt, have little or nothing in savings, and are on the verge of disaster when the next emergency strikes. The individuals and families are often stuck in a downward economic spiral due to poor decisions and unforeseen circumstances. Recent studies support what we hear: More than 40 percent of the U.S. population lives in “liquid asset poverty” and 30 percent routinely use non-bank
In a warehouse in northwest Dallas, Services of Hope volunteer Dana Bush spends a few hours moving perishable items into freezers and refrigerators, cleaning the food prep area at the back of the room, and sweeping up dust and debris from the concrete floors. Industrial fans circulate the air in the metal room as sunlight peeks through ventilation fans and a skylight in the 20-foot-tall ceiling. On a folding table, a decades-old AM/FM clock radio is dialed in to a local gospe
The Anti-Poverty Coalition of Greater Dallas has asked for our help to show support for the new payday and auto-title lender rules proposed by the Consumer Financial Protection Bureau (CFPB). New data shows payday and similar loans lead to consumers trapped in debt and CFPB's proposed rule aims to help those consumers.
When cash is tight, some people turn to payday and similar loans to make ends meet. Though these loans offer quick access to money, they often carry an aver