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Loan system will help ‘unbanked’ get financial hierarchy

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Loan system will help 'unbanked' get financial hierarchy FDIC program aims to help low income customers eliminate pay day loans WASHINGTON (MarketWatch) -- Lilia Escajeda, a vice president at Amarillo nationwide Bank in Amarillo, Texas, claims she does not understand why more bankers typically present tiny lending products to reduced- and moderate-income debtors. "There is a high tendency people in low income range that we offer small-dollar funding to," Escajeda stated. "when they meet the criteria we've got set, they may be able bring loans." Amarillo financial is truly one of 31 industrial establishments in 26 reports, including Texas, Louisiana and Illinois, playing a government money insurance premiums Corp. course to offer you temporary, small-dollar lending of under $2,500 to low-in...