Underbanked

MyBucks plans to give away entry-level smartphones, loaded with the company's financial technology, to encourage mobile payments, mobile banking and broader access to digital services in Africa, where financial innovation often moves quickly.

Mary Jackson, a former executive at Cash America International, succeeds Lisa McGreevy at the helm of the Arlington, Va.-based trade group.

The bank’s joint initiative with CFSI awards capital to firms trying to address issues that the startup teams personally experienced.

The Hudson, N.Y.-based credit union hopes a community charter will better enable it to serve the high population of unbanked consumers in the region.

A chunk of alternative loan customers are perfectly creditworthy, a report from the credit bureau shows.

The agency's bulletin opens the door to banks' making more short-term loans to borrowers with lower credit scores — with few parameters beyond "sound underwriting."

Call it mutual respect. Bankers from mutually owned British building societies and similarly structured U.S. thrifts recently gathered in New England to address common challenges and share ideas about staying relevant at a time of rapid change in financial services. Here are the takeaways from their meetings.

A bill to allow the USPS to offer financial products would be bad for consumers, taxpayers and the banking industry.

During a keynote address at PSCU's 2018 Member Forum, PayPal CEO Dan Schulman urged the credit union audience to rethink old assumptions.

Whether you like the idea or hate it, expect to hear a lot more about postal banking over the next two and a half years.