Industry Innovation Lunch: Case Study - Regions Bank check cashing product impact on customer financial stability
Jeffrey Feinstein, PhD
Sr. Director of Analytic Strategy, LexisNexis Risk Solutions
SVP, Head of Now Banking, Regions Bank
In this session, Regions Bank and LexisNexis Risk Solutions will share research demonstrating the beneficial impacts of engaging with a banking institution for alternative banking products. We examined the financial health of consumers who sought check cashing solutions with Regions Bank and demonstrate the beneficial, and sometimes protective effects of engaging with Regions in how customers interact with non-bank subprime credit products.