While stay-at-home advisories and the closing of nonessential businesses have focused recent attention on the hardships of small businesses, the coronavirus outbreak also highlights the financial situations of individuals with low- and moderate-incomes.
A tactic used to control relationships, financial abuse is often the answer to the question of why people remain in domestic violence situations. Some Massachusetts banks and credit unions have taken steps to understand financial abuse and support customers experiencing domestic violence.
Inspired by horror stories about high-interest lending practices during the Great Recession, Andy Posner switched careers and established The Capital Good Fund while studying environmental issues. Ten years later, the nonprofit lender is one of the fastest growing ones in the country.
