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Report: Account Screening Consumer Reporting Agencies Impede Banking Access for Millions
While a lack of financial education is often cited as the key reason tens of millions of people across the country don't have bank or credit union accounts, in fact, millions are shut out from the mainstream banking system because of a small group of little-known companies who manage databases used by financial institutions to determine whether or not to allow a consumer to open an account. A new report released today by the Cities for Financial Empowerment Fund (CFE Fund) and the National Consumer Law Center (NCLC) entitled "Account Screening Consumer Reporting Agencies: A Banking Access Perspective"outlines the tremendous and deeply flawed role that "account screening consumer reporting agencies" (CRAs) play in determining whether consumers can obtain an account. The report raises concerns about these companies, financial institutions' use of their reports, and offers solutions both for industry leaders and regulators.
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- Uncategorized
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Apollo Goes Digital, Launches Ask Apollo for Remote Patient Care
Apollo Hospitals introduced its soon-to-be-launched digital platform for healthcare, Ask Apollo, in Bengaluru on?Wednesday. The platform, which is due to be launched on Friday, aims to provide remote healthcare.
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- Health Care
- Region
- South Asia
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AT Capital and Life.SREDA Leads Series B Round for Lenddo
Lenddo, the world’s leader in using non-traditional data for credit scoring and online verification, today announced it has closed a Series B investment to further support the company’s accelerated growth and meet global demand. The investment was led by new investors AT Capital and Life.SREDA, with participation from existing investors Omidyar Network, Blumberg Capital and Golden Gate Ventures.
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- Uncategorized
- Tags
- credit scoring
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China Struggling to Retain Rural Doctors Due to Poor Pay
China is struggling to retain village doctors due to poor pay and working conditions and most of them are leaving to cities in search of better jobs, a survey said.
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- Health Care
- Region
- South Asia
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MTN Rwanda Deepens Financial Inclusion with Mobile Money Regional Remittance
In yet another exciting development in mobile money innovation, MTN Rwanda, the country’s telecommunications leader has announced that it has opened its corridor with Safaricom in Kenya that will see MTN Mobile Money and M-PESA users send and receive money seamlessly and affordably between the two countries.
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- Technology
- Region
- Sub-Saharan Africa
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Ampion East Africa Venture Bus Tour Kicks Off
Africa is full of dreams and dreamers; dreamers who have great visions; visions that are the backbones of opportunities. The dreamers need a continent that can offer better technological solutions, better education, better service delivery, better healthcare and better and efficient platforms for doing business.
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- Health Care, Impact Assessment, Investing
- Region
- Sub-Saharan Africa
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Investors Unwittingly Support Unethical Industries
More than two thirds of investors do not know whether the activities of industries or companies they are investing in are ethical.
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- Uncategorized
- Tags
- impact investing
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Gates Foundation, Seattle Research Institute Team to Give Vaccines a Shot in the Arm
Three powerhouses in the global health sector have teamed to open a new vaccine center in Seattle.
- Categories
- Education, Health Care
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