Lack of financial institution innovation hurting underbanked

Oct 16, 2011 Todd Milner

Lack of financial institution innovation hurting underbanked

Ryan Gilbert, CEO of credit-for-bill payment solution BillFloat, offered a call to action for banks that aren't being innovative in their accommodations for the underbanked.Gilbert spoke at a recent House Financial Services Subcommittee


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Alternative options available for underbanked

Oct 15, 2011 Todd Milner

Alternative options available for underbanked

A variety of companies have recently sprung up offering financing options for the underbanked or unbanked, ABC News reports.While short term lenders are an obvious choice for many families without bank accounts due to the fact that they can receive


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Wisconsin board members reluctant to add short term loan store

Oct 15, 2011 Todd Milner

Wisconsin board members reluctant to add short term loan store

Despite worries from the Waukesha, Wisconsin, Common Council about adding a high interest-rate short term loan store in its town, a permit was recently approved for The Cash Store at the Shoppes in Fox River, Waukesha Patch reports.While the majority


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Wisconsin may cap short-term loan interest rates

Oct 13, 2011 Todd Milner

Wisconsin may cap short-term loan interest rates

There is no cap on the interest rate a short term lender can charge a person who takes out a short-term loan in Wisconsin, the La Crosse Tribune reports.This caused Jessica Mount - who at one point was forced to pay $1,177 in interest on a $350


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Short term loans provide money in a pinch

Oct 12, 2011 Todd Milner

When unexpected repairs are needed on one's house or car, many people do not have the funds readily available to pay for them. For those who don't, online short term loans can provide money in a pinch."With so many opportunities for


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