August 16th, 2013
How check cashing meets the needs of consumers when banks fail.
"...the marketplace is changing, the ranks of the underbanked are likely to grow, and alternatives to traditional banking relationships and products are playing a very significant role.
Servon's piece gives us a great trigger for dialog. How can we -- those who believe in and work to build a financially inclusive world -- develop a deeper understanding of the needs of the underbanked so that we promote good products and good financial practices, strengthen the delivery systems, and apply rigorous standards to our evaluation of the market players."