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Fringe financial institutions, the unbanked, and the precariously banked: Survey results from Prince George, B.C. - by Dr. Paul Bowles, Keely Dempsey and Trevor Shaw, University of Northern British Columbia.

New publications for 2011

Urban Aboriginal use of fringe financial institutions: Survey evidence from Prince George, British Columbia
In Journal of Socio-Economics, 2011, 40 (6), 895-902. Published online 19 September 2011. Authors Paul Bowles, D. Ajit, Keely Dempsey, and Trevor Shaw analyse the use of fringe financial institutions (FFIs), such as payday loan and check cashing providers, by urban Aboriginal people based on a survey undertaken in Prince George, British Columbia. They found that 60% of FFIs' clients surveyed self-identified as Aboriginal and had lower average incomes, lower levels of education, and a higher incidence of being unemployed ascompared to non-Aboriginal FFI clients. The authors argue that government policy towards regulating the FFI industry is inadequate for meeting the basic financial needs of urban Aboriginal people.

The Local Financial Crisis:
Exorbitant interest on payday loans hurt many Canadians
- published February 2011 by the Canadian Centre for Policy Alternatives

 

See also

Urban Aboriginal Peoples Study
By the Environics Insitute, this study surveyed First Nations, Métis and Inuit living in 11 major Canadian cities to offer "a new perspective" on the issues, aspirations and values of this growing population. See also: Media Release

Urban Aboriginal Knowledge Network
A research network co-led by Indian and Northern Affairs Canada (INAC) and the National Association of Friendship Centres since 2007.

National Network Urban Aboriginal Economic Development
Aims to share knowledge about the success factors involved in urban Indigenous economic development  among researchers, policy analysts, and urban Indigenous communities nationally.

See also

The following community economic development programs in Canada target poverty reduction by supporting vulnerable individuals, families and households:

Embers - based in Vancouver's Downtown Eastside.

Momentum - a Calgary-based initiative.

Ontario Rent Bank Network  - supporting households throughout the province

Urban Poverty and the Rise of "Fringe" Financial Institutions

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