Economic Empowerment CSR News

PNC Announces $88 Billion Community Benefits Plan

Four-year plan developed in connection with PNC's pending acquisition of BBVA USA; Expands economic opportunity support for minorities and low- and moderate-income individuals and communities
Press Release

PITTSBURGH, April 27, 2021 /3BL Media/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced a Community Benefits Plan to provide $88 billion in loans, investments, and other financial support to bolster economic opportunity for low- and moderate-income (LMI) individuals and communities, people and communities of color, and other underserved individuals and communities over a four-year period beginning Jan. 1, 2022.

Fifth Third Momentum® Banking Offers Ease of a Digital Bank with Personal Support When You Need It

Features include Early Pay, Goal-based Savings and No Monthly Maintenance Fee
Press Release

CINCINNATI, April 27, 2021 /3BL Media/ – Fifth Third Bank, National Association, is proud to launch Fifth Third Momentum® Banking – a first of its kind, everyday banking solution. It combines the features and innovation of a digital-first bank with the security, reliability and local presence of a 163-year-old institution committed to the communities it serves.

Engineering a More Equal Future

Article

Diversity matters. In an increasingly globalised business world, diverse working teams bring new perspectives and experiences, open broader dialogue, and promote creativity, innovation, and adaptability.

The more diversity, inclusion, and engagement there is in a workplace, the stronger and more sustainable the outcomes.

How to Make Financial Well-being a Priority in Uncertain Times

Words by Amy Brown
Article

Between the economic downturn and COVID-19, consumers are under immense financial pressure at a time when it’s more important than ever to think about saving money and planning for a stronger, post-pandemic recovery. Even amid such great uncertainty, there are still ways to save, get control of debt and credit, and boost financial well-being.

“Faftai!” Covid Revival Loans Finance Kava Microentrepreneurs in Vanuatu

by Claire Kelly, Regional Director for West Africa/MENA & Interim Regional Director for Asia
Blog

Since 2012, Lorina had worked at her own tourism business, selling souvenirs to tourists, particularly those who would arrive on cruise ships to Port Vila.  Lorina joined Whole Planet Foundation’s microfinance partner South Pacific Business Development (SPBD) Vanuatu in 2017.  She had previously been involved with a different microfinance program, however she found that SPBD gave longer loan terms which made the loan easier for her to repay.  She is now the Secretary for her SPBD group.  This means that she has responsibilities to count the group’s cash and make sure all accounts are reconc

Creating Financial Victories on the Homefront

Wells Fargo and Military Warriors Support Foundation help veterans build financial stability with mortgage-free homes and mentorship.
Blog

Marcus Mason was just 17 when he went off to war as a Marine — first to Afghanistan and then to Iraq before a combat injury ended his tour.

Today, a program by Military Warriors Support Foundation and Wells Fargo has made the former Georgia native a victor on the financial homefront in Jacksonville, Florida.

PNC Launches Low Cash Mode(SM) To Address $17 Billion In Industry Overdraft Fees

Summary: 
  • New Virtual Wallet® Feature Gives Control to Avoid Overdraft Fees
  • PNC Customers Reduce Fees by 60% on Average in Recent Pilot
  • PNC Expects to Drive Long-Term Growth via this Significant Enhancement to the Customer Experience
Press Release
  • New Virtual Wallet® Feature Gives Control to Avoid Overdraft Fees
  • PNC Customers Reduce Fees by 60% on Average in Recent Pilot
  • PNC Expects to Drive Long-Term Growth via this Significant Enhancement to the Customer Experience

The Butterfly Effect

Article

It isn’t often that the arrival of an electricity bill puts a smile on a customer’s face – but the first bill of 2021 was an exception for 70-year-old retiree Carrie Chui, who lives with her husband in Hong Kong’s New Territories.

“It was like sunshine on a rainy day,” she says. 

With the bill came two coupons worth HK$50 each, just in time for the Chinese New Year holiday as the couple prepared for their festive celebrations.

Uber, PayPal and Walgreens Introduce Vaccine Access Fund

New fund allows customers to donate directly to efforts for COVID-19 vaccine access in underserved communities; Uber introduces new in-app donate feature powered by PayPal
Press Release

SAN JOSE, Calif., April 13, 2021 /3BL Media/ -- Recently, PayPal Holdings, Inc. (NASDAQ: PYPL), Uber Technologies, Inc. (NYSE: UBER) and Walgreens Boots Alliance, Inc.

Land Betterment Corporation Secures Initial Funding of its Impact Notes

Growth capital will support job creation and sustainable economic development throughout Central Appalachian and Midwest communities
Press Release

FISHERS, Ind., April 13, 2021 /3BL Media / Land Betterment Corporation (“Land Betterment” or the “Company”), an environmental solutions company fostering positive impact through upcycling former coal mining and industrial sites to create sustainable community development and job creation, today announced the Company has successfully secured a commitment of $3.0 million of funding under its Impact Note. 

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