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Mary Daly called for new partnerships among fintechs, banks and community groups aimed at improving long-standing inequities in the financial system.
August 26 -
Democratic proposals to offer free accounts, restrict overdraft fees and cap interest rates have zero chance of passage. But analysts say lawmakers’ push for products that help consumers is influencing some banks’ decisions to institute reforms on their own.
July 28 -
The pandemic created a new expectation that banks should show empathy for customers in crisis. Let’s keep it that way.
July 28SpringFour -
Native American reservations have some of the country's highest concentrations of unbanked households. But tribes are finding ways to get their members access to capital — with or without banks.
July 14 -
Fed Vice Chairman for Supervision Randal Quarles says the benefits of a central bank digital currency are “unclear,” and that a digital dollar could actually “pose significant and concrete risks.”
June 28 -
The move brings state-chartered banks and credit unions in sync with their federal counterparts by enabling them to open checking accounts for consumers who have had accounts closed for writing bad checks.
June 7 -
Business leaders in Atlanta and San Francisco warn that the digital divide will widen if Black-owned companies can't accept online and mobile payments.
May 24 -
The biggest U.S. banks criticized a pair of proposals designed to help consumers who don’t use their services.
May 18 -
The company said it will increase access to affordable products, expand financial-education offerings and launch a National Unbanked Advisory Task Force.
May 17