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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
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Financial Solutions Lab Exchange 2021 Grant Program – Bankless Times

Financial Solutions Lab Exchange 2021 Grant Program – Bankless Times
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Sector solutionsFinancial solutions lab exchangeFinancial health of individualsNonprofit community development financial institutionsCredit builders allianceSolutions lab exchange challengeFinancial healthJustice involved individualsBuilders allianceCross sector solutionsNonprofit fintech partnershipsApplication criteriaCommunity development financial institutionsதுறை தீர்வுகள்கடன் பில்டர்கள் கூட்டணிநிதி ஆரோக்கியம்

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.

United statesDavid gregorioMatt scuffhamCharlie scharfDeposit insurance corporationNational congressNational unbanked advisory taskforceCredit builders allianceWells fargoAfrican americanNative americansFederal deposit insurance corporationAlaska nativeFargo chief executive charlie scharfNational unbanked advisoryNational association