Although much of banking is cautiously optimistic about the Trump presidency, the financial firms and organizations that serve the unbanked see the election as a mixed bag at best so far.
The Consumer Financial Protection Bureau is seeking feedback on the benefits and risks of using alternative data sources, such as rent or utility payments, that would allow lenders to build a credit history for unbanked consumers.
Supporters of the Community Development Financial Institutions Fund, a Treasury program, are weighing the potential for budget cuts against the administration's interest in creating jobs and helping low-income communities.
