underbanked

Let’s rethink how CDFIs are examined

12/03/19

These community development-focused banks need tailored regulations to expand their purpose in helping underserved areas.

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N.Y. Fed close to filling market ops spots; Subprime auto-backeds rev up

11/26/19

The Bank is poised to pick two people to handle Simon Potter’s former job; Securities backed by subprime U.S. car loans are “going gangbusters.”

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Rural areas suffer brunt of U.S. bank branch closings: Fed report

11/25/19

More than half of U.S. counties lost access to bank branches between 2012 and 2017, with rural counties that have less educated and minority residents especially hurt, the central bank said.

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Arizona ballot effort reframes payday lending debate

11/15/19

Over the last decade, American voters have proved remarkably receptive to bans on high-cost consumer loans. Next year, a proposed ballot measure in a traditionally red state trending purple will offer a test case for the durability of that consensus.

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Neobanks pose latest threat to prepaid card issuer Green Dot

11/08/19

Earlier this decade, a boom in low-cost prepaid cards undercut the firm's business model. Now the fiercest competition is coming from venture capital-backed startups that offer accounts with no overdraft fees.

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Amex's immigrant assist, the Libor void, bank failures: Top stories of the week

11/01/19

New tech lets American Express instantly issue cards to immigrants; the end of Libor raises concerns about financial stability; regulators shutter banks in Kentucky and Ohio; and more from this week's most-read stories.

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'Let's play a drinking game': Comments of the week

10/10/19

Readers react to whether the next presidential debate will discuss banking, how California's financial policies are bleeding into other blue states, suggested reforms to the Community Reinvestment Act and more.

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One challenger bank's plan to bring immigrants into financial mainstream

10/10/19

Majority, which will launch nationwide later this quarter, will use networks of immigrants to sell a mobile phone-based account that features unlimited remittances and international calling services.

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It's not enough to fix the de novo application process

10/09/19

Even with the FDIC actively encouraging groups to start banks, challenges like raising capital and low interest rates make it tough.

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One community banker's plan to reach the underbanked

10/01/19

Julieann Thurlow says Reading Cooperative Bank in Massachusetts is well positioned to help immigrants and millennials. Technology is crucial to serving both groups, she says.

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