The effort is the first offshoot of Project REACh, which is designed to bring together business leaders, government officials and advocates to help improve financial services options for disadvantaged communities.
Earlier this year, the Southern California credit union was criticized for its directors not representing the demographics of the communities it serves.
The agency’s final rule modernizing the Fair Debt Collection Practice Act limits calls to seven per week, but collectors won stronger protections from liability claims and other key changes to the original proposal.
Banks and Paycheck Protection Program recipients are caught in a bind between two SBA rescue programs; SoFi gets preliminary OK on bank charter, launches credit card; HSBC vows to ‘accelerate’ U.S. cost-cutting plan; and more from this week’s most-read stories.
The digital bank is on a larger mission to attract younger customers. It's inserting itself into the popular video game in the hope that game players will learn about its products and have fun at the same time.
Underwhelming participation in the middle-market loan program has forced the central bank to reduce the minimum borrowing amount for the third time, to $100,000.
