Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 15, 2012, Winnipeg, Manitoba C M Y K PAGE A7 winnipegfreepress. com FRIDAY, JUNE 15, 2012 A 7 BernieClement's $ 1000 BEST PRICE GUARANTEE! " If I cannot beat your best price on a c omparable vehicle, I will give you $ 1000!" Nassa uSt. N. NassauSt. N. Osborne St. Pembina Hwy. Corydon Ave. We are the # 1 Fiat Dealer in Manitoba, Saskatchewan and Alberta! See us on Facebook 300 Pembina Hwy. 204- 284- 6650 Sales Hotline: 1- 888- 593- 0211 1.4L 4- cyl MultiAir engine, 5- speed manual transmission, 15- inch styled steel wheels, remote keyless entry, power locks and windows, plus many more options and features! 2012 Fiat POP $ 79 B/ W 2011JEEPCOMPASS NORTHEDITION 2012CHRYSLER 200LX All new vehicle prices and payments are plus freight, air tax, ppa assessment and daa allowance, dealer administration fees, provincial and federal taxes. 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Hearing Location: Council chambers of the Rural Municipality of Ritchot 352 Main Street, St. Adolphe, Manitoba Date and Time: July 3rd, 2012 at 9: 00 a. m. General Intent of By- Law 8- 2012: a) To insert the new " RRS" Rural Residential Serviced Zone for rural residential development. b) To delete and replace Table6- 1: Residential Use Table. c) To rezone an area from " RR" Rural Residential Zone to " RRS" Rural Residential Serviced Zone ( as shown by a heavy dotted line on the attached map as per Schedule " A"). d) To delete and replace Table 6- 2: Residential Bulk Table. Area affected generally described as: Ile des Chenes West as shown on the Schedule " A" map. SCHEDULE " A" BY LAW 2- 2012 . For information contact Paulette Giesbrecht, R. M. of Ritchot, 352 Main Street, St. Adolphe, MB R5A 1B9, phone number 883- 2293, email pgiesbrecht@ ritchot. com . A copy of the above proposal and supporting material may be inspected at the location named above during normal office hours, Monday to Friday, from 8: 30 a. m. to 4: 30 p. m. Copies may be made and extracts taken therefrom, upon request. I F Ottawa won't step in, Manitoba's booming credit unions could help solve the inner- city bank crisis. That was one idea to emerge from a two- day conference on the payday lending phenomenon - their proliferation in poor neighbourhoods, the exodus of bigname banks and the exclusion of poor people from basic financial services. Manitoba's credit unions just hit $ 20 billion in assets, more than double what they held seven years ago, and credit unions, including Westoba in Brandon, have been part of small inner- city banking projects. Assiniboine Credit Union is the only financial institution to open a branch in the North End recently. Jerry Buckland, a Winnipeg economist who just published a book on the " fringe bank" phenomenon, says Manitoba's vibrant, community- minded network of credit unions could get together to fill the banking gaps that bedevil the poor. That could mean offering services such as short- term loans targeted to the poor or helping to bring branches to underserved areas. So far, the federal government, which regulates the banking industry, has been unwilling to wade too deeply into the issue. Buckland said Manitoba's credit unions could help with a homemade, short- term solution. The two- day conference gathered roughly 100 inner- city activists, policymakers and representatives from innovative banking projects in Vancouver and Quebec, but only one representative from the big- five banks, a regional vicepresident from the Royal Bank. Chris Robinson, a York University finance professor whose research helped create Manitoba's 17 per cent cap on payday loan interest, told conferencegoers two simple solutions could nearly solve the payday loan problem. If the first $ 100 of every cheque was available immediately with no holds, that could deter people from using expensive cheque- cashers to get their cash immediately. That solution is about to come into effect this summer, thanks to regulations created by the Harper government. And, Robinson said, the big banks should create a second tier of overdraft protection for people who can't pass a credit check. Overdraft fees would be higher to allow banks to at least break even and access to overdraft could shrink monthly trips to payday lenders. " That's it," said Robinson. " You've then closed down the cheque- cashers and payday lenders." maryagnes. welch@ freepress. mb. ca Too many payday lenders THE BIG PROBLEM: Where once there were 20 big- name bank branches in the North End, now there are only two or three. In their place, Money Marts, Cash Stores, pawn shops and other payday lenders have popped up, a phenomenon common in every poor neighbourhood. More than any other province, Manitoba has cracked down on the exorbitant fees those " fringe banks" charge for short- term loans and chequecashing, but the problem remains: The poor are increasingly shut out of basic banking services. THE SMALL PROBLEMS: Banking seems like a no- brainer to middle- class people. But the poor face some big hurdles - a lack of photo ID, unexpected fees that put them in overdraft, bad branch hours and locations, holds on cheques that force people to wait several days for their money anda sense of being unwelcome in a fancy branch. WHY IT MATTERS: No access to banking keeps people poor. They can't get financial advice or develop a credit rating, so applying for a mortgage or credit card is tough. They don't have access to a way to save even a few dollars every month let alone an RRSP. Personal financial development comes to a grinding halt. And, as Canadian Mennonite University expert Jerry Buckland says, there's something ethically troubling about poor people paying through the nose for bad service while middle- class people pay low fees for good service. . To see an interactive map of Winnipeg's banks, and the lack of big- name branches in the North End and other core neighbourhoods, visit www. winnipegfreepress. com . Bottom Lines/ Dividing Lines Saturday, the Winnipeg Free Press is launching a series on Winnipeg's starkest and most stubborn social problem - the growing gap between rich and poor. We'll look back at what's changed since the Winnipeg General Strike, where the same kind of creeping poverty that exists today drove many to the streets. Later, we'll look at the plight of poor seniors, slum housing and the symbol of Winnipeg's income segregation, the CP Rail yards that define the North End. Credit unions to take on the fringe banks? By Mary Agnes Welch A_ 09_ Jun- 15- 12_ FP_ 01. indd A7 6/ 14/ 12 7: 18: 00 PM ;