Updates
Updates
Employers Offering Payday Loan Alternatives
Payday lenders prey on low-wage workers who live paycheck to paycheck, charging exorbitant rates for financial quick-fixes. Although that perception is prevalent among many employers, it’s far from the complete picture. No one is immune from financial stress that can [...]
This Little Piggy Went to College
When her son, Cole, came home from his first day of kindergarten at a public school in San Francisco two years ago, Lauren Sigurdson, a single mom who struggles to pay basic expenses, found a welcome surprise tucked in his [...]
Neighborhood Trust Financial Partners: Lean Social-Sector Innovation
Financial services innovators hear it again and again: iterate on your projects, and launch early and often. Test your product or program several times in real situations and with real people to work out the kinks, streamline the processes, and [...]
Banks Refresh Perspectives on the Young and the Underbanked
We live in the age of the customer, as American Banker's recent Financial Services Marketing & Innovation Symposium in New York made clear. Here are a few of the biggest takeaways from the event earlier this month. First, the banking [...]
Tougher Shield for Soldiers Against Predatory Lenders
The Obama administration is proposing sweeping changes to a seven-year-old federal law that was intended to shield service members and their families from high-cost loans tied to their paychecks, a move that reflects the Defense Department’s growing recognition that lenders [...]
New Citi Credit Card Aims to Reward Users for Good Financial Behavior
Credit card spending is on the rise, but consumers are still being cautious, opening and carrying fewer cards, particularly millennials. With card issuers eager for new customers, experts say expect a change in the way they woo. "I think you're [...]
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