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5 Principles to Restore Trust in Banking

Keith Mestrich | Posted 11.04.2015 | Impact
Keith Mestrich

In today's America, bankers are often seen as uncaring, and media portrayals reflect a view that banks put hardworking people on the streets. Our industry, which should be a key part of helping people achieve their economic and financial goals, has lost consumer trust.

Why Is Financial Inclusion so High on the Development Agenda?

Tilman Ehrbeck | Posted 09.28.2015 | Impact
Tilman Ehrbeck

In the sustainable development priorities for the next 15 years adopted by heads of states in New York this week, the United Nations has highlighted financial inclusion as an important enabler for poorer households in the informal economies of the global south to increase resilience and better capture opportunities.

How The Internet of Everything Is Helping 'Unbanked' Citizens Around the World

Melissa Jun Rowley | Posted 05.01.2015 | Impact
Melissa Jun Rowley

Fortunately, with some low-income countries quickly adopting mobile phone use, financial services such as mobile payments and money transfers are becoming accessible for communities that would otherwise be precluded from banking privileges.

3 Ways to Serve Asia and the Pacific's 'Unbanked'

Stephen P. Groff | Posted 05.17.2015 | World
Stephen P. Groff

To ensure ongoing economic growth in Asia and for the poorest to have a chance to benefit from the region's growing prosperity, we must prioritize bringing financial services readily and cheaply to the "unbanked".

You Can Now Get Your Tax Refunds In Cash At Walmart

The Huffington Post | Jillian Berman | Posted 01.20.2015 | Business

This tax season, Walmart is luring shoppers into stores with cash -- their own cash.

The One Very Expensive Mistake You're Making At The ATM

The Huffington Post | Emily Cohn | Posted 09.29.2014 | Business

We know the feeling: It's 6 p.m. and you and your coworkers are out for some beers. When you get to the cash-only bar, you realize you're all out of m...

Like Payday Loans, Lawsuit Loans Increasingly Coming Under Fire

Sara Warner | Posted 10.20.2014 | Politics
Sara Warner

With civil courts underfunded and litigation increasing, even simple cases are going to take years and years to attain their day in court. And the structure of these loans become truly predatory as the cases linger.

Advancing Financial Inclusion -- One Service at a Time

Gina Harman | Posted 09.23.2014 | Business
Gina Harman

Given the potential for great returns, a flurry of entrepreneurial activity has generated services to cater to individuals who live and work outside the financial mainstream. While not all of this activity is positive, a few promising innovations stand poised to increase financial inclusion in the U.S. and abroad.

Stephanie Raill Jayanandhan: Meeting Our Customers in Brownsville

Significance Labs | Posted 09.22.2014 | Impact
Significance Labs

Going to Brownsville is the highlight of my week, these days. Yes, sometimes I'm afraid. But being afraid isn't an excuse.

Is Targeting the Unbanked Trendy Now Among Big Banks? Chase Pledges $30 MM to Help the Unbanked Build Credit and Assets

Curtis Arnold | Posted 08.18.2014 | Money
Curtis Arnold

While it may seem that this initiative is altruistic in nature, there is little doubt that the unbanked and underbanked represent a large and potentially lucrative market.

We're All Spent and It's Not Our Fault

Lisa J. Servon | Posted 08.17.2014 | Money
Lisa J. Servon

The welfare state has been dismantled, leaving a much greater number of Americans without a safety net. And the further the public sector retreats from the provision of social services, the more the finance industry steps in to "help us" get what we need to get by.

Can a Post Office Be a Bank?

John Harrington | Posted 08.11.2014 | Impact
John Harrington

Instead of privatizing the post office, there may be a better way to raise revenue for the post office by providing financial services for many who need access to credit and short-term capital.

American Express Touts Bluebird and Serve, Financial Products for the Unbanked, with the Debut of the Film "Spent"

Curtis Arnold | Posted 08.06.2014 | Business
Curtis Arnold

The film is part of a larger effort by American Express to not only shed light on the problems with the current financial system but to also promote change - including the development of new technologies and products that inexpensively meet the financial needs of everyone.

Making Banking Work for Everyone

Keith Mestrich | Posted 06.18.2014 | Money
Keith Mestrich

Some of the most important pathways to middle class American life become out of reach when one has little or no credit history. Buying a car or house, or sending a child to college can become close to impossible.

Lobbying by Stealth

Jim Jaffe | Posted 04.20.2014 | Politics
Jim Jaffe

The quiet lobbying game works best when no one looks carefully at the sausage-making machinery. It offers a stark contrast to the money game where contributors present themselves as 800-pound gorillas who are willing to spend as much as it takes to make things happen their way.

Bitcoins and Financial Inclusion: Not Much of a Link for Now

Tilman Ehrbeck | Posted 03.26.2014 | Impact
Tilman Ehrbeck

Beyond being digital, what does Bitcoin have in common with electronic money and financial inclusion generally? At this point, there seem to be more differences than similarities and it's important not to conflate electronic money with the virtual currency.

Half Of The World's Adults Don't Have A Bank Account

Reuters | Posted 02.08.2014 | Business

* New technology allows big banks to target the poor * More than 2.5 bln people do not have bank account * Achieving sca...

"Alternative Financing": An Unnecessary Evil or a Key Service for the Underbanked?

Gina Harman | Posted 10.19.2013 | Business
Gina Harman

It's important when participating in this conversation to understand who the underbanked are. And alarmingly, according to the 2011 FDIC National Survey of Unbanked and Underbanked Households, they are 1 in 5 households in the U.S. (20.1 percent).

Preserving Community Banks Should Be Bi-Partisan Priority

Tanya D. Marsh | Posted 09.15.2013 | Business
Tanya D. Marsh

The regulatory framework for financial institutions in the United States, including many provisions of Dodd-Frank, impose significant costs on community banks without providing benefits to consumers or the economy that justify those costs.

Solving Poverty: Atlanta in Black and Green, the Tale of Two Cities

John Hope Bryant | Posted 06.22.2013 | Black Voices
John Hope Bryant

Whether you are white, black, red, brown or yellow, today you just want to see some more green. U.S. currency, that is. We are all in this mess together.

The Shocking Truth About Unbanked Immigrants

AP | By DEEPTI HAJELA | Posted 06.19.2013 | Business

NEW YORK (AP) — A study of members of some of New York City's fastest-growing immigrant communities finds that their banking patterns can be very di...

Catherine New

Bank Fees Are Bad For The Economy | Catherine New | Posted 02.21.2013 | Business

Bank fees are not just bad for consumers, they're bad for the economy. A growing number of Americans are unable to afford a bank account -- a situ...

10 States that Gouge the Unemployed (and the Existing Solution)

Adam Levin | Posted 04.17.2013 | Politics
Adam Levin

If you take a look at the way the following states allow unemployment benefits to be nickeled and dimed by megabank prepaid card programs you will see why it's time to change the system.

Helping the 'Unbanked' Get Affordable Financial Services

Jason Alderman | Posted 03.11.2013 | Business
Jason Alderman

According to a recent survey by the Federal Deposit Insurance Corp. (FDIC) and the U.S. Census Bureau, 17 million American adults now live in "unbanke...

6 Loans You Can Actually Get & How to Use Them | Posted 03.06.2013 | Money

By Mitchell D. Weiss There are lots of cash-strapped consumers out there who, for all practical purposes, are closed out of many traditional credit p...