Tag #Financial Inclusion

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theglobeandmail.com

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Dec 16, 01:09

Urban-Rural Mortgage Divide Widens in Ontario

A study reveals that while 71 percent of urban first-time homebuyers in Ontario used Big Five banks in the first half of 2024, only 55 percent of rural buyers did, highlighting an urban-rural divide in mortgage lending, driven by lender availability, bank approaches to rural properties, and monoline...

Urban-Rural Mortgage Divide Widens in Ontario

A study reveals that while 71 percent of urban first-time homebuyers in Ontario used Big Five banks in the first half of 2024, only 55 percent of rural buyers did, highlighting an urban-rural divide in mortgage lending, driven by lender availability, bank approaches to rural properties, and monoline...

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How do the characteristics of rural properties and borrowers influence the selection of mortgage lenders?

The urban-rural mortgage divide reflects broader access and risk assessment differences. Big Five banks dominate urban markets due to extensive branch networks and familiarity, while rural buyers utilize more flexible lenders like credit unions due to factors including property marketability and underwriting requirements. This highlights a systemic issue of unequal access to favorable mortgage terms.

nos.nl

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Dec 6, 19:10

Millions of Dutch Adults Struggle with Banking Services

A report reveals that millions of Dutch adults struggle with online banking and other banking services, highlighting a significant decline in self-sufficiency over the past four years, despite bank initiatives aimed at improving digital literacy.

Millions of Dutch Adults Struggle with Banking Services

A report reveals that millions of Dutch adults struggle with online banking and other banking services, highlighting a significant decline in self-sufficiency over the past four years, despite bank initiatives aimed at improving digital literacy.

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What is the extent of the problem and what are the immediate consequences of the rising number of Dutch adults requiring assistance with their banking transactions?

The number of Dutch adults needing help with banking, especially online banking, has significantly increased over the past four years, impacting millions. This is according to a report by Maatschappelijk Overleg Betalingsverkeer, involving banks, the Dutch central bank, and consumer groups. Self-sufficiency in various banking services has declined across the board.

nos.nl

🌐 75% Global Worthiness

Dec 6, 19:10

Millions of Dutch Struggle with Digital Banking

A report reveals millions of Dutch adults struggle with digital banking services like online payments and account openings, highlighting the need for improved accessibility and support for vulnerable groups.

Millions of Dutch Struggle with Digital Banking

A report reveals millions of Dutch adults struggle with digital banking services like online payments and account openings, highlighting the need for improved accessibility and support for vulnerable groups.

Progress

36% Bias Score

ShareSaveArticle

Reduced Inequality

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What are the primary factors contributing to the growing number of people requiring assistance with banking services?

The increasing reliance on digital banking exacerbates existing inequalities, particularly affecting older adults (3.7 million 65+). Lack of internet access (200,000), visual or hearing impairments, and digital illiteracy contribute significantly to this issue. The inability to independently contact banks for assistance further compounds the problem.

Showing 49 to 51 of 51 results