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Fintech Startup Aimed To Help Undocumented Immigrants & Biden’s Backup Debt Relief Plan | Wealth Wednesday
Manage episode 367906323 series 2965900
Το περιεχόμενο παρέχεται από το Latin Wealth. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Latin Wealth ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.
On today's episode we discussed:
No SSN, no problem, says Maza, a fintech startup aimed at undocumented immigrants
- While there are a multitude of fintech companies offering digital banking services to a variety of demographics,
- there has been one segment of the population that historically has been underserved even more than others: the undocumented immigrant.
- Because undocumented immigrants don’t have Social Security numbers, it can be very difficult to access traditional banking services.
- A startup called Maza has set out to help solve that problem.
Biden's Backup Plan Could Bring Student Debt Relief to Millions
- President Joe Biden's new student loan forgiveness backup plan, called Saving on a Valuable Education (SAVE),
- hopes to find a different way to bring debt relief to millions of borrowers following the Supreme Court's ruling
Other points
- ALL borrowers can apply IF you have an undergraduate loan
- limit monthly payment to 5% discretionary income (was 10%)
- To require for $0 montly payments if you make less than $32,805 a year ($15/hr)
- loan forgiven after 10 years of payments (was 20 years) if original balance was less than $12,000
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