The updated Bank On National Account Standards identify critical product features for bank or credit union accounts appropriate to those currently outside of the mainstream banking system. Core account features...
...Retail Services and Products Test 1) evaluates all large banks for the responsiveness of their deposit products; 2) enables “intermediate” sized banks to elect the Retail Services and Product Test;...
...portfolio default rate on all covered loan sequences, regardless of whether they use the full payment test or approved alternatives; and lenders should be required to contribute a percentage of...
...in these Standards. To facilitate counselor trainings, the CFE Fund has approved national and regional training providers’ courses that align with the Standards; additionally, the CFE Fund encourages local training...
Local governments across the country are working to help their residents weather the health and financial impacts of the COVID-19 pandemic. In many cities and counties, that means deploying their...
Natural disasters, public health crises, and other localized emergencies can have serious financial ramifications for individuals and families, due to unexpected expenses, loss of income, and limited access to relief...
The updated Bank On National Account Standards, identify critical product features for appropriate bank or credit union accounts. Core account features include low costs, no overdraft fees, robust transaction capabilities...
The updated Bank On National Account Standards identify critical product features for bank or credit union accounts appropriate to those currently outside of the mainstream banking system. Core account features...
...to use the tool; and urges caution as the FDIC explores moving towards online survey responses, given some un/underbanked and low-income consumers’ reluctance to submit personal information via online platforms....
...invest in or support integrated financial counseling and coaching services. The Coalition urges that any consideration of alternative product delivery system be balanced by the fact that many low and...