CEO Q&A: Healing ‘Pain Points’ for Family Businesses
A conversation with Wendy Cai-Lee of de novo Piermont Bank on the unique needs of multigenerational family firms.
Browsing: Economic inclusion
Fed Survey: Economic Results of COVID Outweigh Health Risks for LMI Communities
Economic and business-related effects vastly outrank health outcomes when it comes to the impact of COVID-19 on low-to-moderate-income communities, according to a Federal Reserve survey today.
McWilliams Emphasizes Innovation’s Role in Financial Inclusion
Financial innovation can deliver “tremendous benefits” to consumers and help minority depository institutions enhance participation in the mainstream financial system, FDIC Chairman Jelena McWilliams said today.
Nichols Calls on Bankers to Address Racial Inequities
Speaking at the ABA Risk and Compliance Virtual Conference this morning, ABA President and CEO Rob Nichols praised the industry’s response to the coronavirus pandemic and emphasized that bankers must respond with equal passion and determination to address longstanding racial inequities.
CFPB Study Finds Mixed Results for ‘Credit-Builder’ Loans
The Consumer Financial Protection Bureau today released a study of the effects of so-called credit-builder loans on credit scores.