Richard Cordray is the director of the consumer financial protection bureau.
Explanation:
He says that the American households lack checking or savings account which will make them rely on costly financial services will just add burden to their savings. He also addresses that as the people become old, they need their money to be protected and easily accessible.
He says that family households must turn their focus towards banking as it creates a connect to the future. He also adds that by understanding this problem from the young age, people would start feeling the significance of managing the financial systems.
The christian movement advocating concrete political action to help the poor is called liberation theology.
Liberation theology is a Christian theological approach emphasizing the liberation of the oppressed. In positive contexts, it engages socio-financial analyses, with "social subject for the negative and political liberation for oppressed peoples". Liberation theology, spiritual movement arising in late 20th-century Roman Catholicism and targeted in Latin the us. It sought to apply religious faith with the aid of helping the terrible and oppressed thru involvement in political and civic affairs.The church need to be a motion for folks that have been denied their rights and plunged into such poverty that they were deprived in their full reputation as human beings. The theory of liberation theology had a right away effect on principal the united states within the Seventies since it justified the alliance of Christians and Marxists in attempting to overthrow repressive regimes in Nicaragua and El Salvador. The bad should take the example of Jesus and use it to result in a just society.The theological reaction of Latin American Catholics to poverty and repression is known as "liberation theology." as the Latin American liberation theologian Segundo Galilea explains
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