News Topic: underbanked

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. ... Read full article

Tala, based in Santa Monica, Calif., makes its loan decisions after analyzing data on the mobile phones of users in Kenya and the Philippines. ... Read full article

First half: Brett King says the OCC fintech charter is overdue. Second half: fintech and refugees. ... Read full article

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. ... Read full article

The story of MPESA, Kenya’s mobile money system, and how it came to partner with banks to give all people access to financial services. ... Read full article

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. ... Read full article