Overview

"Teetering merges original research with stories from real-life ""tightropers"" and makes the case for urgent action by financial institutions, innovators, investors, regulators, policymakers, and influencers to recognize and change the financial forces that push the American dream out of reach for nearly half of the adult populace."

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9781635768008

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Reviews

"""Ken Rees has a unique perspective forged from experience and empathy. As an innovator, he has launched many product and service offerings and these have provided him with the insights that make Teetering so important."" - Robert L. Johnson, Founder and Chairman of The RLJ Companies, and Founder and former Chairman of Black Entertainment Television (BET) ""Teetering introduces us to a vast segment of underserved Americans that have been ignored by Silicon Valley innovators for too long. Ken Rees issues a wake-up call for the fintech community and highlights exciting opportunities for innovation and growth that can make a difference in the lives of millions."" - Ron Suber, fintech innovator and former CEO of Prosper ""Ken Rees has spent the past two decades serving millions of customers that most banks and their regulators don't understand. Teetering offers an important message about how to responsibly and profitably bring these people back into the traditional banking system and improve the financial prospects of struggling Americans."" Bill Isaac, former Chairman of the FDIC"

Author Information

"Ken Rees is the Founder and CEO of Covered Holdings, a company that uses newly available data sources and analytics to disrupt traditional financial services available to underserved Americans. A leading financial technology innovator for over two decades, Ken Rees is passionate about serving the underserved. He was founder, CEO and Chairman of the Board of Elevate, a company he took public in 2017. Elevate is a leading provider of online credit in the U.S. and U.K., and has originated over $7 billion in credit to over 2 million non-prime consumers and saved them more than $5 billion over what they would have spent on payday loans. Prior to Elevate, Mr. Rees was the founder and CEO of CashWorks, a financial technology company acquired by GE. Earlier in his career, he ran CSC Index's West Coast financial services consulting practice. Mr. Rees is a well-known speaker and writer in the financial technology industry. He has delivered keynote speeches and other presentations at industry conferences such as Money 20/20, LendIT, Finovate, and Lend360 as well as to the Federal Reserve Bank. He has been profiled in the popular ""Corner Office"" column of The NY Times and his opinion pieces have appeared in the Wall Street Journal, American Banker, and Business Insider among other publications. In 2012, Mr. Rees was selected by Ernst & Young as an Entrepreneur of the Year and was named a 2017 Innovator to Watch by Bank Innovation. Mr. Rees graduated from Reed College with a degree in Mathematics and earned his MBA in Finance and Statistics from the University of Chicago."

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