Unbanked

CFPB Looks To Make Rules For Prepaid Cards

HuffingtonPost.com | Catherine New | Posted 05.23.2012

Read More: American Express, Checking Account, Consumer Financial Protection Bureau, Cfpb, Prepaid Cards, Unbanked, Debit Cards, Chase Liquid, Money News

The government's top consumer sheriff wants to rein in the Wild West of prepaid cards, even as some of the biggest players in the financial industry m...

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No Bank Account? No Problem

AP | ANNE D'INNOCENZIO | Posted 04.26.2012

Read More: Unbanked, Walmart, Walmart Cash, Credit Cards, Paying With Cash, Bank Accounts, Walmart Pay With Cash, Debit Cards, Money News

NEW YORK — Wal-Mart shoppers now will be able to pay cash for online purchases. The world's largest retailer on Thursday said it will allow sho...

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Bank Prepaid Cards: Silo or Suite?

Dory Rand | Posted 04.26.2012

Read More: Unbanked, Woodstock Institute, Banks, Reinvestment Partners, Consumer Financial Protection Bureau, Prepaid Cards, Money News

Imagine Gail, a 30-year-old mother of two school-age children. Gail is on ChexSystems and has a low credit score as the result of actions taken by an ...

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Most Of The World's Poor Do Not Have A Bank Account

The Huffington Post | Bonnie Kavoussi | Posted 04.19.2012

Read More: Unbanked World's Poor, Video, Unbanked Poor, Bank Accounts, Poor Unbanked, World's Poor Unbanked, Unbanked, Un-Banked, World Poverty, Banks, Poor, Global Poverty, Bank Account, World Poor Unbanked, Unbanked People, Unbanked World Poor, Money News

More than 2.5 billion people -- or half of all adults around the world -- are "unbanked," meaning they don't have a bank account, according to data re...

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In South Carolina Some Tax Refunds Will Be Shared With A Big Bank

HuffingtonPost.com | Janell Ross | Posted 02.28.2012

Read More: Prepaid Debit Cards, Unemployment, Bank Fees, South Carolina, Public Benefits, Unbanked, Bank of America, Tax Refund, Debit Card Fees, Business News

This year South Carolina income tax refunds will arrive on prepaid debit cards unless taxpayers specifically opt for a check or direct deposit. The...

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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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The 10 States Where Bank Accounts Are The Least Popular

Posted 12.28.2011

Read More: Video, Bank Accounts, Bank-Account-Fees, Unbanked, Business News, Banking News, Bank Accounts States, Big Banks, Personal Finance, Debit Card Fees, Credit Unions, Bank of America Debit Card Fees, Business News

As debate rages over the role of banks in society today, a sizable number of Americans continue to have no bank account at all. Close to one-third...

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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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Eva Peron Wins: The Pretension of a 'Savings Lottery'

Steve Clemons | Posted 05.25.2011

Read More: Savings Lottery, New America Foundation, National Savings, Lotteries, Eva Peron, Budget, Unbanked, Debt Politics, Peter Orszag, Reid Cramer, Savings, Ray Boshara, Barack Obama, Politics News

Suggesting that America's savings problem be solved by establishing an Eva Peron-style lottery incentivizing those with little to save doesn't understand the dynamics at play in the American economy today.

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Can Mobile Money End This War?

Alexia Parks | Posted 05.25.2011

Read More: Cell Phones, Colin Powell, George W. Bush, Iraq, Obama, Wikileaks, Mobile Money, Barack Obama, Money, Military, GSM World, Unbanked, Vietnam, Joint Chiefs of Staff, Joel Rauch M.D., Afghanistan, Ucl, Economy, Denver News

Over the past 60 years the U.S. has been involved in more than 10 wars and invasions. These have included World War II, the Korean War, Vietnam, the B...

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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

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

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How about financial services that help, not exploit, the broke?

Patrice Peyret | Posted 05.25.2011

Read More: Banking, Unbanked, Predatory Lending, Gary Rivlin, Business News

I am midway through reading Gary Rivlin's new book, Broke, USA. As CNN Money contributor Dan Okrent puts it in his review, Rivlin's book is about the ...

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

Clare J. Morgan | Posted 05.25.2011

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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Gates Foundation's Ignacio Mas On eFinance in the Developing World

Jim Luce | Posted 05.25.2011

Read More: Pakistan, Cgap, Thought Leaders, Global Citizens, Harvard, CharityHelp International, Madrid, Jim Luce, Financial Services, Grameen Bank, Technology, Rob Conway, Intel Capital, Barcelona, TAGS: Banking, money.com, Uganda, M.I.T., Developing World, GSM Alliance Congress, Vodafone Group, University of Chicago, Brooke Partridge, Bill & Melinda Gates, Paul Stevers, Microcredit, Ignacio Mas, Muhammad Yunus, Cell Phone Technology, Nobel Prize, Mobile Money for the Unbanked Program, Unbanked, Ryan Ouellette, Financial Services for the Poor Program, Mobile Technology, India, Gates Foundation, Efinance, Impact News

Ignacio Mas, Deputy Director of the Financial Services for the Poor Program at the Bill & Melinda Gates Foundation, took time off from his hectic schedule at the recent GSM Alliance Congress in Madrid to speak to me over coffee.

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Introduction to mFinance: Cell Phone Banking

Jim Luce | Posted 05.25.2011

Read More: Mobile Messaging, Diarmuid Mallon, Sms, Cell Connectivity, Ushihidi 4636 Project, Thought Leaders, Global Citizens, Legacy Infrastructure, London, Oiww, Jennifer Caukin, Jim Luce, Barcelona, Google, GSM Association, Bill Dudley, Chile, Financial System, Skype, Ignacio Mas, Cell Phone Banking, New York City, HSBC Account, Unbanked, Developing World, CharityHelp International, Mobile Technology, Orphans International Worldwide, Gates Foundation, Mfinance, Digitel, Sybase, Business News

Growing up in Ohio as a young teen, I would take my savings account passbook to the bank and deposit my earnings from snow shoveling or grass mowing. ...

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Film as a Message to the World: Yunus and Sundance 2010!

Vivian Norris | Posted 05.25.2011

Read More: Yunus, Microcredit, Brac, Poverty, Grameen America, Vidar Jorgenesen, Queens, Grameen, Bill Megalos, Unbanked, Gayle Ferraro, Shah Newaz, Social Business, Ashoka, Susan Davis, To Catch a Dollar, Jeff Skoll, Poor, Sundance, Entertainment News

I want to congratulate filmmaker, Gayle Ferraro, whom I met when she first began this journey of making To Catch a Dollar, which premiered Saturday night at Sundance with Dr. Muhammad Yunus present.

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"Unbanked" Citizens Increasingly Targeted By Big Companies And Payday Lenders

washingtonpost.com | Ylan Q. Mui | Posted 05.25.2011

Read More: Unbanked, Check Cashing, Payday Lenders, Wal-Mart, Business News

For years, the country's makeshift network of payday lenders and check cashers has operated with little competition or federal regulation. ...

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Should Every Baby Have a Bank Account?

Rohit Chopra | Posted 05.25.2011

Read More: Unbanked, Banks, Walmart Unions, Personal Finance, Business News

Those without bank accounts can't get personalized checks. They also can't pass a credit check needed to rent an apartment or get a car loan. Reform is needed to help these working poor.

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