Impact in the News

CFSI Gathers Industry and Nonprofit Experts to Discuss Consumer Financial Capability and Technology at the NYSE

CFSI Gathers Industry and Nonprofit Experts to Discuss Consumer Financial Capability and Technology at the NYSE in Celebration of Financial Literacy Week

CFSI’s Kimberly Gartner and the Citi Foundation’s Pam Flaherty to ring the closing bell at the NYSE

 

Posted: April 2012

American Banker: Regions Finishes Rolling Out Financial Products for the Underbanked

Regions Financial, a participant in CFSI's Innovators Roundtable, has launched a number of alternative financial services including check cashing, money transfer, expedited bill pay services, and prepaid debit cards. Regions is focusing on the "pay-as-you-go" consumer which is a growing, yet underserved ...

Posted: March 2012

Reuters: Treasury Renews Savings Bond Push

The U.S. Department of Treasury is launching the Ready.Save.Grow initiative in response to a growing consumer need for reliable long term savings options. They unveiled a new savings bonds website on March 27 in an attempt to win consumers over to traditional government-issued, ...

Posted: March 2012

American Banker: Stop Whining, Start Self-Regulating

by Jennifer Tescher

In her monthly American Banker article, President and CEO Jennifer Tescher calls out financial institutions to embrace the Compass Principles in her article Stop Whining, Start Self-Regulating. She remarks that many banks have spent their energy complaining about regulation and using this as ...

Posted: February 2012

CFSI Past Grantee Credit Builders Alliance Featured in the New York Times

CFSI past grantee, Credit Builders Alliance was recently featured in the New York Times. Credit Builders Alliance helps microfinance and other nonprofit lenders report the consumers’ payment histories to the big credit bureaus.

The article highlights credit builder loans, which are innovate products allowing credit ...

Posted: February 2012

Micro Branch, Macro Payoff

As part of its strategy for reaching out to the un- and underbanked, CFSI Grantee Self Help Federal Credit Union has opened a "micro branch" in east San Jose, Califorina.

The micro branch "was designed, from beginning to ...
Posted: April 2011

U.S. Banker Lists CFSI Roundtable and Exchange Participants among 25 Women to Watch

On October 1, 2010 U.S. Banker named Lynn Heitman SVP Retail Payment Solutions of U.S. Bank, one of their 25 women to watch. Ms. Heitman heads U.S. Bank's branded credit and debit card businesses and is deeply committed ...

Posted: October 2010

Innovation in Action Videos

 

CFSI: Innovation in Action

Funded through a generous donation from the Citi Foundation, the video offers detailed success stories from customers using prepaid cards, new small-dollar loan products, and in-bank check cashing and second chance accounts, told in their own words.  The video ...

Posted: July 2010

Green Dot IPO Shows Strength of Prepaid Market

CFSI Roundtable participant Green Dot Corp.'s initial public offering will be a major milestone for the prepaid card market regardless of the company's ability to reach its recently disclosed price targets. The deal signals that the prepaid card is a "product that ...

Posted: July 2010

The Impact of Innovation

With direct access to and trusted relationships with underbanked consumers, nonprofit organizations are uniquely positioned to help advance the financial services marketplace in serving this important consumer segment.  Through its 2008 Nonprofit Opportunities Fund, CFSI provided grants to five groundbreaking nonprofit-led ...

Posted: July 2010

Save to Win: Final Project Results

Doorway to Dreams Fund has released the final results from their Save to Win pilot, a collaboration with The Filene Research Institute and The Michigan Credit Union League. The introduction of the Save to Win product in the state of Michigan in ...

Posted: May 2010

Prepaid Debit Card Company Green Dot Plans $150M IPO

Innovators Roundtable participant Green Dot announced plans to sell up to $150 million in stock through an initial public offering. Green Dot makes reloadable prepaid debit cards that are sold and can be reloaded in major U.S. chain stores like Wal-Mart Stores Inc. ...

Posted: March 2010