Demographics

Embracing technology that gives innovators access to their platforms will provide banks with the upgrade they sorely need.

The Consumer Financial Protection Bureau proposal could have included flexibility for banks to offer payday loan alternatives, but the plan misses the mark.

The prepaid card issuer issued conflicting statements in recent weeks as customers complained that they were unable to access their funds.

We need to adopt a more nuanced view of credit that considers not only the cost of credit, but also the cost of default and the cost of having no credit.

While existing state laws show that payday lending curbs lead to positive outcomes, those laws will still benefit from a strong Consumer Financial Protection Bureau rule.

The Consumer Financial Protection Bureau will unveil sweeping federal regulations Thursday for payday lenders that could open the door for competition from banks, while forcing lenders to move toward longer-term installment loans. Here's what to track when the plan is released.

The idea that restricted access to loans for poor-credit borrowers is unequivocally a bad thing is based on industry talking points that don't stand up to real-world scrutiny.

TCF Financial in Minnesota has launched a set of products targeting low-income customers. The company, which has closed a fifth of its branches in recent years, hopes underbanked clients will boost traffic at its remaining locations.

Steve Streit retained his board seat Monday, but lost two allies, as a large shareholder indicated that it will continue pushing for his ouster.

Green Dot’s embattled founder and chief executive, Steve Streit, is expected to be reelected to the board based on preliminary voting results from its annual meeting, the company announced Monday.