Tag: credit union

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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