‘They don’t have to be a criminal to be helpful’
More than a decade after the financial crisis, banks and credit unions are still struggling to find ways to help the more than one million Americans who have lost their homes and jobs.
The problems are a result of two central factors: a growing reliance on credit cards, and an economy in which many are using their credit cards to pay for everyday essentials such as groceries, clothes and gasoline.
While the banks are still grappling with how to accommodate all the new cards, they are increasingly finding ways to offer financial help to people who might be facing financial hardships, including veterans, people who have suffered traumatic brain injuries, and those with chronic health problems.
At the same time, many financial institutions are struggling to keep up with the new needs of the new generation of consumers.
As part of its efforts to grow and diversify, banks are now looking at how to make it easier for consumers to get financial help, as well as more efficient and responsive to the growing number of consumers using their cards to make payments, said Jim Riesen, the chief executive officer of First Interstate Bank in Chicago.
While First Interstate is a bank with $5 billion in assets, its customers are predominantly people with disabilities, such as people with PTSD, people with traumatic brain injury or people who are unemployed.
Riesen said that although the bank does not provide any financial aid to people with those needs, the bank has found ways to make things easier for its customers, particularly those who do not qualify for any other financial assistance programs.
The bank has created a new program for people with financial needs, and has expanded its existing programs, including those that help people with pre-existing conditions, including people with cancer.
The new program, which is aimed at people with chronic medical conditions such as heart disease, diabetes and stroke, is being called First Life Care.
First Life Care has become a way for people who qualify for other financial help programs, such Aspire or the National Disability Insurance Program, to get help with their basic bills.
Rierzen said that the new First Life CARE program will help First Interstate’s 2,300 employees who have disabilities, including cancer survivors.
The program will also help the bank provide financial assistance to veterans who have PTSD, as the bank’s veterans branch has received more than 2,000 applications since its founding in 2000.
To date, First Interstate has assisted more than 8,000 people with their medical bills, and Riesens said the bank is planning to increase the number of vets it helps.
To help the veterans who are receiving financial assistance, the First Interstate bank is offering a new “specialty” card, which offers a $50 bonus for people receiving a disability card and another $100 bonus for those who are not.
Reesens said that First Interstate will continue to expand its financial assistance for people without disabilities.
The banking company is also offering another card that will give those with disabilities a $500 credit toward their monthly rent.