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Black bank card program to steer cash payments to single mothers in government housing

One of the few Black-owned banks in the United States is introducing a debit card aimed at helping single mothers who live in government-subsidized housing escape poverty. The Bank King Card debit card will be offered beginning Friday in honor of Juneteenth by Redemption Bank, which will make a donation from every account opened to nonprofits that will steer the funding to needy families. “Bank King Card represents a new regenerative banking model that starts with investing in mothers who a...

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