Occupy Cooperative Set to Raise Funds
Organizers of the Occupy Money Financial Cooperative, the organization that some Occupy Wall Street activists say will offer affordable financial services to low-income people, will formally begin raising money next week.
In an emailed message to supporters, the group said it will launch its fundraising efforts on Sept. 17, the second anniversary of the first Occupy Wall Street protest, and said that details on the debit cards the organization plans to offer will be added to its website in the days leading up to Sept. 17.
The organization has contended that debit cards are the most easily launched and affordable means to offer financial services to low-income and underbanked people and that starting a credit union would take too much time and effort for the group right now. They said they have not ruled out starting one later, however.