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City's poor often have few affordable options for banking, other financial services

Friday, June 28, 2019
Hayleigh Colombo | Indianapolis Business Journal

Kyra Bowerman was trapped in a vicious banking cycle.

The Indianapolis teacher and single mom of two would open a bank account. An expensive day care bill would come due at the same time she needed to pay for rent, utilities and food. The bank would charge an overdraft fee. The account would close.