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New tool uses rent payments to help young people establish credit

New tool uses rent payments to help young people establish credit
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

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Financial Solutions Lab Exchange 2021 Grant Program – Bankless Times

Financial Solutions Lab Exchange 2021 Grant Program – Bankless Times
banklesstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from banklesstimes.com Daily Mail and Mail on Sunday newspapers.

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Wells Fargo Launches Banking Inclusion Initiative to Help Unbanked

On Monday, Wells Fargo announced the Banking Inclusion Initiative, a 10-year commitment to help unbanked individuals gain access to affordable, mainstream, digitally-enabled transactional accounts – a meaningful entry point to fully participating in the economy and achieving financial stability.
The initiative will focus on reaching unbanked communities and, in particular, helping remove barriers to financial inclusion for Black and African American, Hispanic, and Native American/Alaska Native families, which account for more than half of America’s 7 million unbanked households1. It also will assist those who are underbanked or underserved – individuals who may have a bank account yet continue to use high cost, non-bank services and have similar needs. ....

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Wells Fargo launches 10-year plan to boost banking inclusion for underserved communities

Wells Fargo (WFC.N) has launched a 10-year commitment to help unbanked individuals in the United States gain access to affordable, mainstream bank accounts, the company said on Monday. ....

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UPDATE 1-Wells Fargo launches 10-year plan to boost banking inclusion for underserved communities

UPDATE 1-Wells Fargo launches 10-year plan to boost banking inclusion for underserved communities
Reuters
2 hrs ago
By Matt Scuffham
NEW YORK, May 17 (Reuters) - Wells Fargo has launched a 10-year commitment to help unbanked individuals in the United States gain access to affordable, mainstream bank accounts, the company said on Monday.
The initiative aims to help Black and African Americans, Hispanics, and Native Americans, who account for more than half of the country s 7 million unbanked households, have easier access to low-cost banking, Wells Fargo said.
As part of the plan, the bank has committed to redesigning 100 branches in low-to-middle income neighborhoods to enable one-to-one consultations, offer digital banking access and conduct financial health seminars. ....

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