Underbanked

Catherine New

This Man Has Not Had A Bank Account In 14 Years

HuffingtonPost.com | Catherine New | Posted 05.07.2012

Read More: TAGS: Prepaid Card, Checking Account, Debit Card, Credit Card Alterative, Bank Fees, Off the Grid, Visa, Reloadable Prepaid Card, Rushcard, Underbanked, Greendot, Netspend, Money News

Josh Crawford, 42, of Squaw Valley, Calif., has not had a checking account or credit card in 14 years. But that has not stopped him from participating...

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Catherine New

Fee-Dependent Prepaid Card Maker Moves Into Banking

HuffingtonPost.com | Catherine New | Posted 11.29.2011

Read More: Debt, Walmart, Payday Lenders, Prepaid Cards, Unbanked, Banking, Banks, Payday Loans, Credit Cards, Underbanked, Retail Banking, Greendot, Utah, Business News

In the latest signal that the economic crisis has fundamentally changed the way Americans handle their money, the largest provider of prepaid debit ca...

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Reuters Analysis: Boost In Big Bank Fees Could Push Consumers To Turn To Alternative Lenders

Posted 12.17.2011

Read More: Video, Serica Debit Card Fees, Business News, Unbanked, Banking News, Underbanked, Big Banks, Credit Unions, Checking Account Fees, Business News

Alternative finance firms, from credit unions to online and pawn lenders, are gaining traction as banks turn off the tap for easy cash and start c...

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The Psychology of Saving (Especially When You're Broke)

Patrice Peyret | Posted 11.19.2011

Read More: Savings Accounts, Underbanked, Saving Money, Personal Finance, Credit Unions, How to Save Money, Business News
Patrice Peyret

What's needed are new options that help lower-income earners nudge themselves in the right direction by making it a subconscious habit to tuck money away.

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The beginning of the end for abusive payday loans?

Patrice Peyret | Posted 05.25.2011

Read More: Interest Rates, Payday Lending, Loan Sharks, Finovate, Prepaid Cards, Banking, Underbanked, Personal Finance, Payday Loans, Business News
Patrice Peyret

Gary Rivlin's book "Broke USA" describes Sandra Harris, an accounting technician who borrowed $200 from a payday lender to pay her car insurance afte...

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Does Everything Require Stimulus?

Jerry R. Welch | Posted 05.25.2011

Read More: Check Cashing, Politics News, Financial Reform, Pay Bills, Prepaid Cards, Unbanked, Reloadable Prepaid Card, Overdraft Protection, Underbanked, Federal Financial Reforms, Stimulus, Pawn Shops, FDIC Board of Directors, Fdic, Politics, USA Today, FDIC Study, Checking Accounts, Check-Cashing-Store, Stimulus Package, Atms, Bills, Pay Day Lenders, Check Cashing Companies, Banks, Prepaid, Business News
Jerry R. Welch

Rather than treat the unbanked and underbanked as second class citizens, the prepaid card industry is listening to their needs.

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End of Free Checking a Financial Squeeze: How Employers Can Help

Clare J. Morgan | Posted 05.25.2011

Read More: Checking Account, Fdic, Low-Income, Prepaid Cards, Check-Cashing-Services, Survey, Low Income Families, u.s. Census Bureau, Checking Fees, Checking Accounts, End of Free Checking, Employers, FDIC Banks, Banks, Overdraft Fees, Free Checking, Reloadable Prepaid Cards, Debit Cards, Unbanked, Underbanked, Business News
Clare J. Morgan

The free checking accounts many Americans enjoy will soon be a thing of the past as banks scramble to find new ways to recoup overdraft charges and other fees they're no longer allowed to impose.

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