News Topic: Financial inclusion

A community group has secured a grant from the W.K. Kellogg Foundation to probe banks’ small-business lending practices. It follows a 2017 pilot study in which the group found that white shoppers posing as business owners were three times more likely to be ... Read full article

The CDFI formerly known as Progreso Financiero targets consumers with little or no credit history. ... Read full article

Regional and community banks will offer low-cost or no-cost financial products through Bank On, which has already reached agreements with Regions Bank, Wells Fargo and SunTrust. ... Read full article

Beth Mooney is taking KeyCorp to new heights through bold deal making and with a relentless commitment to doing what's right for customers, employees and communities. ... Read full article

Improving gender equality could significantly boost growth in advanced economies over the coming decades, according to Citigroup Inc. ... Read full article

Theodora Lau, director of market innovation at AARP, says financial companies and fintechs should consider the over-50 crowd in their app designs. ... Read full article

Readers react to USAA teaming up with Amazon’s Alexa, how a new Wells Fargo’s scandal could affect arbitration rules, a digital identity startup’s ambitions, and more. ... Read full article

As an open network, bitcoin is in one sense the most inclusive financial system imaginable. But for now, transfers of the cryptocurrency are priced like a luxury good. ... Read full article

On the discussion table: Alipay, Jack Ma, blockchain, AI, building a true digital system, payments, financial inclusion. ... Read full article

Borrowers can benefit from more inclusive data and tightening of certain credit file standards, but so far lenders continue to rely on older models. ... Read full article

The eight winners of an annual fintech competition will receive $250,000 in capital and resources. ... Read full article

Readers weigh in on the in-store branch model, how community banks hone their message, the difficulty cash-strapped consumers face in finding bank loans, and more. ... Read full article

Banks have not adjusted their business models to accommodate growing numbers of financially precarious Americans. But hard times should not disqualify people from the banking system. ... Read full article

Readers weigh in on a proposal for encouraging small bank installment loans, a firm that uses AI to reduce false alarms, what security improvements are needed for sharing customer data, and more. ... Read full article

With the future of payday lending in flux, the Office of the Comptroller of the Currency has the ability to help provide consumers with a better credit option. ... Read full article

Readers weigh in the effect of Federal Reserve actions on wealth distribution, how a new startup could reduce overdraft fees, Watson's attempts to catch rogue traders, and more. ... Read full article

First Financial in Ohio says financial health tools for its client’s employees will build more lasting commercial banking relationships. ... Read full article

The Federal Reserve’s next policy actions will have profound impact on whether the U.S. income and wealth gap grows even wider. ... Read full article