Consumer finance is going digital and mobile. We need to make sure that millions of families share in the benefits and aren’t left behind. FinTech can lower costs and enable undeserved families with the tools to navigate a complex and sometimes treacherous financial world without the resources of wealthier households.
Nonprofits and public sector organizations around the world have provided financial counseling and other services at little or no cost to help families but these organizations need to adapt to a digital world.
Summary: Last week the FDIC announced that it was issuing a new rule that will modify two definitions in the regulations regarding deposits that are facilitated by third parties to banks and other i...