Tag: Financial Inclusion

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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CX, FinTech, and FinLit: Credit Union Trends To Look For In 2020

Uncategorized
There were some cliffhangers to end 2019 going into 2020 in the small dollar loan industry. From credit unions’ slow-but-steady cloud adoption strategies, fintech, and marketing automation. And who can forget the Consumer Financial Protection Bureau’s pending decision to rescind its own underwriting “ability-to-repay” requirement. Like any forward-thinking credit union leader or executive, you have […]
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