New Orleans There was a front page story in the Wall Street Journal about the fact that more and more of the remittance business from banks and money transfer organizations like Western Union and MoneyGram is between countries in Latin America rather than from US and Canadian immigrants to Latin America. Western Union in 10 …
Category: ACORN International
Social Enterprises as New Types of Nonprofit For Profit Companies
New Orleans According to Professor Steven Davidoff of Ohio State more than one-third of the states now have a special designation for corporations wanting to establish themselves as social enterprises. In Louisiana, they are called L3C corporations meaning Low Profit Limited Liability Corporations. I read Davidoff’s “Deal Professor” column in the New York Times with …
Western Union and Others Turning Over Remittance Info to CIA
New Orleans It’s hard enough for immigrant families to deal with the predatory cost structure and indifference of regulators to best practices in making money transfers or remittances to their families in their home countries, but now it also has been revealed that the records of these transactions are also another part of the vast, …