Latest News Archive

Toss out your wallet, keep your phone

John Moe of the program Future Tense interviews CFSI Innovation Director Rachel Schneider as she discusses the future of mobile payment technology in this audio segment. Technology is getting to the point where you no longer will need a wallet to conduct ...

Posted: August 2010

The Financial Capability Innovation Fund

The Financial Capability Innovation Fund: Supporting strategies that provide Americans access to the financial products and educational tools they need to change their lives.

Next month CFSI will launch the Financial Capability Innovation Fund, a new grant fund to support ground-breaking nonprofit-led projects ...

Posted: August 2010

First Task for the New Consumer Bureau: Redefine Product Quality and Fairness

Written by CFSI's Jennifer Tescher
In this month’s American Banker column, Jennifer Tescher discusses the creation of the Consumer Financial Protection Bureau (CFPB) and what it means for products and policies targeting underbanked consumers. The agency will have the power ...

Posted: July 2010

CFSI Interchange Comment Letter

The Center for Financial Services Innovation (CFSI) issued a statement today on the specific language in the Financial Regulatory Reform bill that would regulate interchange fees, recommending prepaid cards – including government benefits cards, general purpose prepaid cards, payroll cards – be ...

3 pp.

Posted: June 17, 2010

CFSI Welcomes Steven Dow and Eric Rodriguez as Members of the Board

CFSI is happy to announce two new additions to our Board of Directors, Steven Dow and Eric Rodriguez. Steven and Eric bring many years of experience in dealing with issues affecting the underbanked

Steven Dow has been the Executive Director of the Community Action ...

Posted: March 2010

Prepaid Expo Scholarship Winners Announced

CFSI is pleased to announce the winners our 2010 Prepaid Expo nonprofit scholarship program. Thanks to the sponsorship of the Network Branded Prepaid Card Association (NBPCA) and NetSpend, representatives from five nonprofit organizations that are actively integrating prepaid cards into their programming were ...