underbanked

Facing consumers' fears: How fintechs target money anxiety

12/10/18

Several challenger banks are trying to relieve consumers’ financial stress by offering tools that guide better habits.

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A two-pronged strategy for reaching the underbanked

12/06/18

Sunrise Banks in Minnesota offers products and services designed to help underserved communities and works with fintechs that have a similar mission.

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Postal Service should stay out of banking: Treasury

12/04/18

A report released Tuesday echoes bankers’ arguments that the USPS is ill-equipped to manage the risks.

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Fintech MyBucks brings banking to African refugee camp

11/21/18

MyBucks and its subsidiary, New Finance Bank, have opened 4,200 digital banking accounts and provided 72 loans at a Malawi branch said to be the first of its kind in a refugee camp.

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Fintech startup tries to help consumers fix credit report errors

11/15/18

Upturn, which is owned by a BBVA unit, is offering a free online tool consumers can use to detect and dispute inaccuracies in their credit report.

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FDIC’s rate caps threaten efforts to serve the underbanked

11/14/18

The agency’s flawed methodology for determining interest rate caps on certain accounts poses risks for banks offering free, low-deposit checking and the financial system more broadly.

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Midterm fallout, Synchrony's Walmart fight, Waters' banking agenda: Top stories of the week

11/09/18

What the Democrats' House takeover means for banks; Synchrony has a lot to lose in fight with Walmart; should industry fear Waters-led banking panel?; and more from this week's most-read stories.

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Los Angeles voters reject public bank

11/07/18

Banking industry groups said they were vindicated by the defeat of the ballot measure, but public banking advocates plan to keep pushing the idea.

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Fighting financial crime without excluding the underbanked

11/06/18

Promontory Financial Group CEO Eugene Ludwig says AI tools can remove the risks — and discrimination — involved in opening the U.S. financial system to newcomers.

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There’s no excuse for ignoring the unbanked, big banks’ own data shows

11/05/18

Information about new account holders pulled from Bank of America, JPMorgan Chase, U.S. Bank, and Wells Fargo contradicts the notion that the previously unbanked turn into costlier customers.

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