Demographics

The Consumer Financial Protection Bureau is seeking feedback on the benefits and risks of using alternative data sources, such as rent or utility payments, that would allow lenders to build a credit history for unbanked consumers.

NCUA has opened its first round of CDFI certification for the new year.

Supporters of the Community Development Financial Institutions Fund, a Treasury program, are weighing the potential for budget cuts against the administration's interest in creating jobs and helping low-income communities.

James Lally will succeed Peter Benoist as CEO of the $4.1 billion-asset company at its annual meeting this spring.

The story of MPESA, Kenya’s mobile money system, and how it came to partner with banks to give all people access to financial services.

Supporters of the Community Development Financial Institutions Fund, a Treasury program, are weighing the potential for budget cuts against the administration's interest in creating jobs and helping low-income communities.

Elizabeth Warren getting shushed on the Senate floor gives her a much bigger (and wildly enthusiastic) audience for her message; ETFs set an example in female leadership for all of financial services; and more.

The bank's board is considering whether to withhold bonuses for CEO Tim Sloan and Chief Financial Officer John Shrewsberry.

The moves show a commitment to bigger markets and make it easier for analysts and investors to visit management.

They are not a number to be pushed through an algorithm. They are people, each with unique goals and stories.

Customers Bancorp says it expects to announce a deal to divest its BankMobile unit within 60 days. It could be an attractive target for a bank with strong loan demand.

Wealthsimple is backed by the same investor, Power Financial, that last year injected $75 million into Personal Capital.

Banks should experiment with Snapchat and learn to deliver content in small doses even if the platform proves to be a bad fit for the industry in the long run.

Activehours, a direct-to-consumer startup that lets hourly wage earners name their paydays, announced it has raised $22 million of funding.

We need more and bigger black-owned banks, not just a surge of deposits for a few institutions, especially if those institutions have not proven that they adequately serve the black community.

The Consumer Financial Protection Bureau is facing renewed pressure by consumer groups and think tanks to move forward with a plan that would rein in overdraft programs.

Following the passage of the November ballot initiative, it is hugely important that cannabis businesses in the nation's largest state be able to secure bank accounts, at a minimum.

Borrowers served by the FHA program, particularly first-time buyers and minorities, have benefited from nonbanks' increase in lending. Those independent lenders should be commended for filling a gap.

Issuers of prepaid cards often say their products are a good tool for budgeting, but it's rarer to hear merchants market their own branded prepaid cards this way. Walmart is retooling its prepaid strategy to focus on saving in an effort to improve the financial habits of its customers.

While other banking laws may be headed to the chopping block, the Community Reinvestment Act can address the needs of communities defined by their economic struggles.