The Guardian

Do we need LGBTQ banks?

The first credit union specifically tailored to LGBTQ customers has opened in the US. Would more of them help end financial discrimination?
A specifically LGBTQ financial institution would be welcomed by customers in Britain. Photograph: Tristan Fewings/Getty Images

It’s the bank that came out: the state of Michigan has just approved a new credit union specifically tailored to LGBTQ customers. It’s the sort of proposal that raises the hackles of the “they’ve got more rights than us” brigade. But, and those who were approved were lumped with higher interest rates than normal – even though they were less likely to default on their loans. But then it is legal to discriminate against LGBTQ people in many US states. There are other considerations, too: queer corners of social media abound with trans people crowdfunding for their transitioning costs, and now will offer loans for this specifically.

Stai leggendo un'anteprima, registrati per continuare a leggere.

Altro da The Guardian

The Guardian3 min letti
Father Of Family Found In Dutch Farmhouse 'Was Trying To Start Cult'
The father of a family that spent nearly a decade living in a secret room in a Dutch farmhouse once belonged to the Rev Sun Myung Moon’s controversial Unification church and was trying to found a cult of his own, Dutch media have reported. The 67-yea
The Guardian3 min letti
'Everyone Passes The Buck': Despite #MeToo, Fashion Has A Way To Go
Some of the fashion industry’s most feted photographers, including Mario Testino, Bruce Weber and Patrick Demarchelier, have lost huge contracts as a result of #MeToo – despite their denials of sexual exploitation allegations. Yet two years after the
The Guardian2 min letti
Mayor Of Sardinian Village Blames Google Maps For Lost Tourists
Rescuers in Baunei called out 144 times in past year to save visitors from impassable roads