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The linchpin of the federal government's payday lending proposal is a credit-reporting system for small-dollar loans created by the private sector, but the kinds of companies that could create it haven't stepped forward.
August 1 -
A less discussed but arguably more important application of the blockchain is to help serve the unbanked masses, including refugees.
July 28PricewaterhouseCoopers -
Citibank is offering surcharge-free ATM access to the customers of 16 credit unions and minority-owned banks in six cities.
July 14 -
JPMorgan Chase, Barclays and other big financial institutions are offering paid internships to members of the sandwich generation who left banking to care for children and elderly parents. Here's why the banks are interested.
July 13 -
For the second time in six weeks, the online lender Avant is taking steps to reduce the size of its workforce.
July 1 -
Wirecard AG has agreed to buy Citigroups institutional prepaid card business, giving Germany-based Wirecard its first market foothold in North America.
June 29 -
Credit scores are useful in predicting the likelihood of whether someone will repay a loan. However, banks and others need to provide customers with another number that more accurately assesses their financial health.
June 29Center for Financial Services Innovation -
Embattled prepaid card issuer Green Dot has officially split the roles of chairman and chief executive by naming a longtime payments industry executive as its new chairman.
June 27 -
A more nuanced view than the two opposing camps supporting or denigrating Dodd-Frank seeks to make banks profitable while ensuring consumers are protected and benefit from economic growth.
June 27 -
The Consumer Financial Protection Bureau should have looked more closely at states like Colorado that protect consumers from true predatory lenders while still preserving access to credit.
June 23