Small Dollar Lending

How Your Credit Union Can Join the Fight for Financial Inclusion

Financial Health
The fight for greater financial inclusion and stability in America has begun millions of consumers following the pandemic that has pervaded industries, neighborhoods, and families in the most fundamental ways.  According to Pew Research in March 2021, about 50 percent of all adults who are not retired claim the pandemic has made it harder for them to […]
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Access to Small Dollar Lending Increases with Financial Inclusion Bill

Financial Inclusion
Financial access to America’s economically underserved communities may have just received a big legislative boost.  The Credit Union National Association (CUNA) wrote a letter to the House Financial Services Committee leadership on June 8, 2021, fully backing the proposed Expanding Financial Access for Underserved Communities Act, an amendment to the Federal Credit Union Act. During the May hearing, […]
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Why CDFIs Are Exactly What Consumers Need Right Now

Financial Inclusion
In early April of this year, NPR ran a story on the underbanked and what it meant to run one’s financial life outside the American banking system. Whether it’s the perception of higher fees, lack of trust, or something else, 63 million underbanked or unbanked Americans do not use a financial institution to save money, cash checks, apply for […]
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personal lending

How “6 Clicks in 60 Seconds” Is Transforming Lending

Small Dollar Lending
Digital and automated banking has had many in traditional banking hearing footsteps these days. The personal credit lending industry is gaining momentum once again, and with fintech accounting for over a third of the personal loan balances in the U.S. (TransUnion), digital disruptors have had traditional banks and credit unions on the defensive.
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