For Banks, Little Progress on Loans to the Unbanked

American Banker Logo

Originally posted at: By Kevin Wack Despite years of encouragement by their regulators to provide small-dollar loans to people without access to traditional forms of credit, banks largely remain reluctant to enter the field. At a congressional hearing Thursday, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency could […]

Read the full article  

FlexWage Highlighted in Congressional Hearing

House of Representatives Illustration

United States House of Representatives Hearing on “An Examination of the Availability of Credit for Consumers” Originally posted at: By Dr. Kimberly Manturuk, Research Associate, University of North Carolina Center for Community Capital On September 22, 2011 Dr. Kimberly R. Manturuk from the Center for Community Capital at University of North Carolina at Chapel […]

Read the full article  

FlexWage Featured in Kiplinger Letter

Kiplinger Logo

Thanks to Kiplinger for featuring FlexWage in the Kiplinger Letter If your business relies on low-income workers and has a lot of turnover…Check out FlexWage, a business service that facilitates payroll advances, which are a headache for some employers. For a small fee charged to the employee, FlexWage forwards a percentage of an employee’s net […]

Read the full article  

Employee Financial Stress Diminishes Productivity

Employee Stress Image

Your employees’ financial stress is costing you money. Almost half of working American adults have trouble paying their household expenses on time, causing them increasingly higher amounts of stress, according to a 2011 survey conducted by PriceWaterhouseCoopers1. When workers are financially stressed, they are less productive and feel less able to be “present” at their […]

Read the full article  

Underbanked Employees Eat in to Company Profits

Profit Loss Image

Approximately 30 million American households are unbanked or underbanked, and it’s affecting your bottom line. An estimated 25 percent of U.S. households are unbanked or underbanked, according to a 2009 study conducted by the Federal Deposit Insurance Company (FDIC). Unbanked is defined as having no checking or savings account. Underbanked households have checking or savings […]

Read the full article