The underbanked consumer’s demand for small amounts of credit, like their banked counterparts, has always existed. What is different for many underbanked consumers is limited affordable choices that meet their immediate financial need while also setting them up for financial success.
Over the last 18 months a dramatic series of events related to small-dollar value, short-term credit has unfolded. Legislators, regulators, and the financial services industry have been closely scrutinizing the payday loan industry and creating market incentives for private-sector innovation. As a result, the landscape has changed.
This CFSI Webinar will present a number of aspects of this changing landscape that financial service providers are addressing or are asking about including:
• How has small-value, short-term credit evolved over the past 18 months?
• What types of credit services are being delivered?
• FDIC guidelines/Pilot programs and Strategic considerations
• Financial Institutions share their experiences
Moderator: Michael Herrmann, Research Director, CFSI
Speaker: James Maloney, Chairman, Mitchell Bank
Speaker: Trent Sorbe, Sr. VP, Metapay
See below for the audio and presentation from this webinar.