PHOENIX — The risks of serving the underbanked are manageable and the customers can and will become loyal and profitable, BAI panelists say.
VantageScore, creation of three major bureaus, announces answer to FICO's new pact with FactorTrust. Both eye underserved lending market.
Credit score specialist and payment data aggregator get together in new partnership to help serve the underserved.
Data analyst firm says 12% of staff at financial services firms are among the financially underserved.
In order to succeed in the 21st century, credit unions cannot afford to not serve the enormous and growing population of financially underserved consumer.
FactorTrust CEO Greg Rable says question is whether credit unions can afford not to serve the financially underserved.
As some credit unions around the country gear up to apply for grant money from the U.S. Treasury’s Community Development Financial Institutions Fund, there are indications that credit unions are gradually becoming more sophisticated about navigating the grant writing process.
Hope Federal Credit Union releases mobile app; CEO notes Mississippi has highest percentage of wireless homes in the nation.
Feb. 21 day-long session also can be attended online live or accessed later.
Mississippi institution says remote deposit checking feature particularly important in areas with sparse brick and mortar options.