underbanked

Goldman’s diversity push; bitcoin futures expire

03/19/19

The bank is tying manager pay to inclusive hiring; Cboe Global Markets to stop trading bitcoin futures.

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House Dem proposes banning use of credit scores for auto insurance

03/18/19

First-term Rep. Rashida Tlaib, D-Mich., has sponsored the Prevent Discrimination in Auto Insurance Act in order to prevent “undue burden” on low-income individuals seeking auto insurance.

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Sounder economic data could pay off for Puerto Rico — and its banks

03/17/19

The federal government's more active role in GDP, payroll and other vital statistics produced by the island could hasten its recovery from Hurricane Maria and lift lending and bank valuations at the same time.

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FDIC chief ties personal story to CRA reform effort

03/14/19

Recounting her family’s financial struggles, Jelena McWilliams said regulatory policy should address the plight of the underbanked.

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FDIC's small-dollar riddle: How to entice banks, yet stay tough

01/31/19

The agency is exploring how to reopen small-dollar lending options for banks, but consumer groups are urging the agency to maintain pricing limits and other controls.

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Five financial health startups now under the wing of JPM, CFSI

01/15/19

The Financial Solutions Lab, a joint initiative, has announced the winners of its annual competition to identify solutions to consumer financial challenges, this year focusing on startups dedicated to improving financial health in the workplace.

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Expanding the Farm Credit System won’t help rural America

01/15/19

A recent proposal to allow the government-sponsored enterprise to offer more credit in agricultural regions is deeply flawed.

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Building a safety net for when the consumer debt balloon pops

01/04/19

LendStreet is looking to break the circle of debt that often arises when struggling borrowers try to consolidate what they owe.

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Rural America needs an expanded Farm Credit System

01/02/19

The banking industry has long been critical of the government-sponsored enterprise, but the system could provide valuable banking services to large swaths of the country currently lacking access to them.

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Scrapping CRA is no solution

12/13/18

Any serious discussion of how best to update the Community Reinvestment Act for the 21st century must focus on strengthening the law, not eliminating it.

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