McClatchy Newspapers: Big-Box Stores Offering Loans, Other Financial Services
Jeanne Hogarth, Vice President of Policy was quoted in a recent article by Lindsay Wise titled “Big-Box Stores Offering Loans, Other Financial Services.” The article looks at the growing number of major retail ...
Posted: April 2013
Submitted by Jessica_Kumar on December 2012
Financially underserved consumers now have more options to manage their lives easily, thanks to Nexxo Financial Corporation. The financial technology provider has recently joined forces with Centris Federal Credit Union and Carver Federal Savings Bank to supply transaction kiosks to provide consumers more convenient access to the financial services they need.
On November 1, CFSI released it's second annual Underbanked Market Size study in conjunction with Core Innovation Capital. The new and expanded 2011 Underbanked Market Size report, sponsored by Morgan Stanley, examines the current landscape, growth patterns and key trends driving more than twenty financial products serving underbanked consumers in the United States today. The credit, payment, deposit and other products that comprise the underbanked market collectively generated $78 billion in revenue in 2011, a 7% increase from the previous year.
In this webinar, participants learned more about the products, growth, and key trends impacting the Underbanked Market.
Speakers Included:
-Co-Author Rob Levy, Manager, Insights & Analytics at CFSI
-Mike Harris, Managing Partner at Core Innovation Capital
-Lead Analyst Eva Wolkowitz, CFSI
-Bryan Wagner, Executive Director, Morgan Stanley Global Sustainable Finance
See the recorded webinar below:
See more videos from the Center for Financial Services Innovation on Vimeo.
Rob Levy, Manager, Innovation and Research, will be speaking on a panel at the 20th Annual Financial Services Centers of New York Conference and Exposition at the New York Marriot at the Brooklyn Bridge. The session Mr. Levy will be participating in will address the need for small dollar credit alternatives in the New York area.
For more information on the conference click here.
The Center for Urban Pedagogy has released a series of short animations and videos that summarize basic financial education. Rob Levy, Manager, Innovation and Research, was interviewed in a number of the videos, and describes CFSI's take on alternative financial service providers, and ...
Posted: January 2012
Previous CFSI grantee, Doorways to Dreams, has announced the winners of their program Save to Win initiative in Michigan in a report this month. The Save to Win initiative was started to encourage savings behavior by offering participants the chance to win prizes for ...
Posted: December 2011
Arjan Schütte, Senior Advisor, Center for Financial Services Innovation, was quoted in an article in The Tennessean reviewing Wal-Mart's check cashing services. The article discusses consumer's decision process in choosing Wal-Mart as a check casher rather than going to alternative check cashers, ...
Posted: December 2011
Check cashing is expensive for consumers. Banks have generally neglected this market, but recently the tides have been changing. Kimberly Gartner, Vice President of Advisory Services, CFSI, commented that there has been an increase in the number of banks working on offering these ...
Posted: November 2011
CFSI and Core Innovation Capital's Knowledge Brief was referenced in this article regarding Regions Bank and the reloadable VISA card and Western Union services they are rolling out to both customers and those who don't have a relationship with the bank.
The ...
Posted: November 2011
On November 15, CFSI's Underbanked Experience engaged participants of the The Seventh Annual Underbanked Solutions Exchange to go out into the city streets of Chicago and experience first hand the kind of transactions that underbanked people make every day. This article in ...
Posted: November 2011
