Initiative also includes $1.5 million deposit at participating credit unions.
However, the bureau proposed some modifications to its mortgage rules on June 24 that will provide a transition period for affected lenders.
Detroit credit union to provide financial literacy education to local Hispanic communities.
Industry employs 11% of that segment, new study shows, while retail stores lead at 24%
Baton Rouge credit union opens financial resources center in Shreveport.
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.