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As the Federal Reserve continues to explore issuing a digital U.S. dollar, the Biden administration and key congressional leaders are endorsing the idea as a way to expand banking access for underserved consumers.
March 3!["Access to the payment system is critical to full participation in our economy," Sen. Sherrod Brown, D-Ohio, said in a letter endorsing the Fed’s study of a central bank digital currency. Treasury Secretary Janet Yellen could help the “too many Americans [that] don’t have access to easy payments systems and banking accounts.”](https://arizent.brightspotcdn.com/dims4/default/0e3b3c1/2147483647/strip/true/crop/1600x900+0+0/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F1f%2F51%2F2d27f5e1464c8403891db6326409%2Fimage-9.png)
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Chris Larsen, co-founder and former CEO of the payments company, is donating $1.7 million to help merchant associations improve the city's lighting, crosswalk markings, sidewalks and trash receptacles.
March 3
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Some bank regulators are allowing companies that offer digital currencies to apply for a charter, potentially giving them a path to the Federal Reserve system without proper oversight.
March 3
American Bankers Association -
If policymakers are serious about revitalizing low-income communities, they should require all fintechs and other nonchartered lenders to adhere to the Community Reinvestment Act.
March 3
Ludwig Advisors -
The post-pandemic world requires serving multitasking consumers. Checkout.com exec and "Card Forum: Contactless" presenter Bradley Riss discusses how that works in a preview of our virtual conference.
March 3
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Challenger banks and fintechs can't be considered rivals, says Episode Six's John Mitchell.
March 3
Episode Six -
Building the processing tech was the easy part. Finding the right mix of users and transactions posed many challenges.
March 3
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Less than half of consumers believe financial services providers adequately protect their personal information, according to an Arizent survey. Banks such as Wells Fargo and Bank of Idaho are offering mobile tools and cybersecurity education that could help rebuild trust.
March 2
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The overwhelming success of Square’s bitcoin trading service creates new opportunities for its bank to work with underserved markets.
March 2
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The overwhelming success of Square’s bitcoin trading service creates new opportunities for its bank to work with underserved markets.
March 2
!["Access to the payment system is critical to full participation in our economy," Sen. Sherrod Brown, D-Ohio, said in a letter endorsing the Fed’s study of a central bank digital currency. Treasury Secretary Janet Yellen could help the “too many Americans [that] don’t have access to easy payments systems and banking accounts.”](https://arizent.brightspotcdn.com/dims4/default/02c2c10/2147483647/strip/true/crop/1600x900+0+0/resize/1440x810!/format/webp/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F1f%2F51%2F2d27f5e1464c8403891db6326409%2Fimage-9.png)
