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U.S. Democrats push financial inclusion as 2020 election race heats up
Following the 2008 financial crisis, many banks pulled back from their poorest customers. The shift has had lasting costs for millions of Americans now struggling to access mainstream financial services such as checking accounts and credit cards.
- Categories
- Finance
- Region
- North America
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Press release: CNote Launches Wisdom Fund to Close Lending Gap for Women
New impact investment vehicle provides funding to underserved women of color and low-income women entrepreneurs across the U.S.
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- Investing
- Region
- North America
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Viewpoint: Chase’s Checkless Account Won’t Make A Dent In The Unbanked Ranks
Economists at the Kansas City Federal Reserve looked into the factors associated with unbankedness. Not surprisingly, low income was a major determinant of not having a bank account. But the authors found that "a variety of other characteristics play a role in determining these households’ banking status."
- Categories
- Finance
- Region
- North America
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JPMorgan rolls out low-fee, checkless, no-overdraft accounts
Thasunda Duckett, chief executive of Chase Consumer Banking, said she hoped the new accounts will attract more low-income individuals and people who have never had bank accounts.
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- Finance
- Region
- North America
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Viewpoint: Bill McGlashan’s firing exposes hypocrisy in impact investing
McGlashan, who was once described by the New York Times as resembling "a Buddhist monk," led a multibillion-dollar investing vehicle designed (among other things) to "expand access to educational attainment." Simultaneously, he was allegedly spending $250,000 of his own money to bribe his son's way into a selective university.
- Categories
- Investing
- Region
- North America
- Tags
- impact investing
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Viewpoint: Why CEOs are still missing the point on social impact
According to the survey, while American business leaders feel more pressure than ever to speak out on social issues, they still would rather not. Instead, they’d prefer to focus on the bottom line: a plurality say their most important communications goal this year is to sell their products and services.
- Categories
- Uncategorized
- Region
- North America
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A microloan can help poor people in Bangladesh. What about New Jersey?
The Grameen Bank, one of the pioneers of microfinance, which has been operating its program in Bangladesh since the 1970s, released a study on one of its programs in New Jersey. The program works like this: Low-income women apply for a microloan as part of a small group, and all members of the group are accountable for ensuring each member makes payments.
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- Finance
- Region
- North America
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TPG Fires McGlashan, Lets Investors Pull Money From Social Fund
McGlashan, who led TPG’s business focused on social good and founded its growth investing platform, was named with other parents in an indictment detailing schemes that involved paying coaches and college administrators to get children into top colleges.
- Categories
- Investing
- Region
- North America
- Tags
- impact investing
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