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CMB Introduces Agency Banking


The Cooperative Mortgage Bank (CMB) has introduced a unique agency banking system known as the Coop One-Stop.
The bank in a statement by its Head, Communications and Public Relations, Mrs. Olufunmilayo Afolabi, explained that the initiative was designed to allow agents who would be physically present in cooperative society offices, local governments, universities, markets, villages and small communities to provide regular banking services and perform other functions which encompass National Social Housing Savings Scheme, Cooperative Save for Shelter and Thrift Savings (Ajọ).
The Head of Agency Banking, Mrs. Stella Abu, explained that agency banking has grown over the years since it was first initiated in Brazil, in 1999, due to its versatility, a method CMB is currently adopting to make banking easier for all. ....

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Andrew Biggs: Create a Thrift Savings Plan for the Masses


We’ve been exploring the state of retirement in the United States on
The Long View. Last week, we talked with progressive labor economist Teresa Ghilarducci. On this week’s episode, we chatted with Andrew Biggs, resident scholar at the American Enterprise Institute. He is more sanguine about the state of retirement in the U.S., though he is also in favor of some reforms. Andrew is an expert on Social Security reform, state and local government pensions, and public sector pay and benefits. Before joining AEI, Biggs was the principal deputy commissioner of the Social Security Administration, where he oversaw the agency s policy research efforts. In 2005, as an associate director of the White House National Economic Council, he worked on Social Security reform. In 2001, he joined the staff of then-President George W. Bush s Commission to Strengthen Social Security. He holds a bachelor s degree from Queen s University Belfast in Northern Ireland, master s degrees from Cambrid ....

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