PYMNTS-MonitorEdge-May-2024

underbanked

CFPB, DOJ Crack Down On Bank For ‘Redlining’ Consumers
CFPB, DOJ Crack Down On Bank For ‘Redlining’ Consumers
July 01, 2016  |  Payment Methods

In a joint effort announced by the Consumer Financial Protection Bureau and the U.S. Department of Justice, redlining is getting more scrutiny and the two agencies brought...

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Microsoft, Lawmakers Boost Marijuana SMEs’ FinServ Fight
Microsoft, Lawmakers Boost Marijuana SMEs’ FinServ Fight
June 20, 2016  |  B2B Payments

While some marijuana businesses may be operating legally under state law, the federal law that still considers them illegal means banks often refuse to provide...

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Stellar Partners On Real-Time Nigerian Money Transfers
Stellar Partners On Real-Time Nigerian Money Transfers
February 02, 2016  |  Financial Inclusion

The Silicon Valley-based startup Stellar, an open-source payment network that’s backed by Stripe, has announced a new partnership aimed at bringing instant money transfers to...

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VCs Back Payroll Startup For Underbanked — And Their Employers
VCs Back Payroll Startup For Underbanked — And Their Employers
February 02, 2016  |  B2B Payments

Payroll cards service underbanked employees by providing workers with a solution to get paid quickly and use their payroll funds sooner. But paycards have also...

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