Some of the founders of the Occupy Wall Street group say they intend to launch an independent financial cooperative and offer a prepaid Visa card that will carry a small monthly fee.
The six-member volunteer board for the new organization, which they have dubbed the Occupy Money Cooperative, includes Carne Ross, a former British diplomat and writer who claims to have launched the Occupy Wall Street group in 2011, and five others with varying degrees of financial and banking experience.
The group has set up a website and says that it is raising funds for the new organization which, it said, will be democratically run but will not be a credit union because, it said, a credit union would have a limited field of membership.
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