banks

Installed inside gas stations, liquor stores and smoke shops, cryptocurrency kiosks tend to be placed in Kansas City neighborhoods with larger numbers of Black and Latino residents. Critics say they're a targeted attempt to exploit financially vulnerable people with steep fees for a volatile product.

Earlier this week, Silicon Valley Bank in California and Signature Bank in New York collapsed, prompting the Federal Deposit Insurance Corporation to take them into receivership. Then, it caused the stock of UMB Bank in Kansas City to drop.

The short-term loans are available immediately and are simple to get. But interest rates are typically very high — with an APR of up to 391% in Kansas and 371% in Missouri. Critics say payday lenders are profiting from people in need, and trap them in debt.

WeDevelopment Federal Credit Union, which opens this weekend at Linwood Shopping Center, is taking on the mission of increasing financial literacy in communities east of Troost.

“He just approached everything differently than anyone else. When people would look at a situation, they’d see one thing and Ernie would see something different,” said lawyer Pete Smith.

Banks can be reluctant to lend to Black-owned businesses and nonprofits. That's why a Juneteenth fundraiser is stepping in to get Kansas City organizations access to capital.

Overdraft fees typically make up a small fraction of most banks’ profits. One researcher believes he has uncovered a business model where banks take advantage of little regulation on overdraft fees by using them as a primary source of revenue.

More than 49,000 businesses in Kansas were able to secure federal Paycheck Protection Loans during the pandemic, ranging from fast-food restaurants to a space museum.

Segment 1: Adapting Kansas counties, businesses, schools and employees to coronavirusGov. Laura Kelly has signed a series of executive orders aimed at…

Even in its early stages, the legal fight between the heirs of famed Kansas City artist Thomas Hart Benton and UMB Bank is shaping up as a battle…

Segment 1: Congressman for Missouri's 5th district shares his stance on the current impeachment inquiry. Representative Emanuel Cleaver said constituents…

Maria Galvan used to make about $25,000 a year. She didn’t qualify for welfare, but she still had trouble meeting her basic needs.“I would just be working…