Markets
Fed’s Bowman: Tailored AI Oversight Boosts Financial Inclusion
Federal Reserve Vice Chair Michelle W. Bowman stated that tailored AI supervision is crucial for financial inclusion, enabling banks to expand credit...
#financial inclusion 8 articles
Finance
UK Banks Fail Vulnerable, FCA Demands Basic Account Access Fixes
The FCA found UK banks pushed homeless and financially distressed customers away from basic bank accounts, rating a third of interactions as...
Finance
Elderly Residents Fearful as Last Bank Branch Closes in Lochgilphead
An 84-year-old fears online banking scams after her local Bank of Scotland branch closed, leaving residents anxious about access to financial services.
Finance
Redemption Bank Unveils Debit Card to Combat Poverty for Single Mothers
Redemption Bank, a Black-owned institution, is launching the Bank King Card debit card to provide direct financial support to single mothers in...
Finance
Guernsey Charity Founder Peter Neville Retires; James Ellis Takes Chair
Peter Neville, founder of Guernsey Community Savings, has retired after establishing the charity to support the financially excluded. Former banker James Ellis...
Investing
Melania Trump Unveils Fostering the Future Accounts for Foster Kids
First lady Melania Trump and Treasury Secretary Scott Bessent launched 'Fostering the Future Accounts,' a spinoff of Trump Accounts, to provide investment...
Finance
Subprime Consumers: A Durable Market Banks Overlook
New data reveals 44 million subprime U.S. adults represent a stable, credit-seeking segment often missed by traditional bank underwriting models.
Finance
Secured Credit Cards: Banks’ Unsung Growth Engine
Once a tool of necessity for credit-challenged consumers, dynamic secured credit cards are emerging as a scalable growth lever for banks and...