​Texas’ latest plan to get unbanked to open savings accounts: Raffle prizes

Texas lawmakers have passed a new plan other states have tried to promote the opening of savings accounts as a large percentage of its population has gone unbanked and relied on predatory lenders to make ends meet.
A bill authored by Rep. Eric Johnson of Dallas, and passed almost unanimously out of both chambers this week, would allow banks and credit unions to offer any customer the chance to win prizes and cash through a raffle contest for depositing money into a savings account.
Republican Gov.…

#URLinkedUp Austin Business News – Local Austin News | Austin Business Journal http://www.bizjournals.com/austin/news/2017/05/24/texas-latest-plan-to-get-unbanked-to-open-savings.html?ana=RSS%26s=article_search

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