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Can Banks Lower Crime Rates (And Increase Home Values)?

Tuesday, July 19, 2011 - 9:46 AM
From Moneyland | TIME.com
Sure, police patrols and neighborhood watch groups help fight crime, but what about financial institutions? A new study out of the University of Virginia studied crime stats in several low-income, Latino neighborhoods in Virginia and North Carolina before and after credit unions targeting a Spanish-speaking customer base opened there. Following the establishment of the credit unions, robberies dropped.

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