News Topic: unbanked

... Read full article

... Read full article

... Read full article

The IRS, FDIC and more than 70 banks and credit unions are urging consumers to open affordable accounts so they can receive their Economic Impact Payments quickly and safely. Many people have signed up, but millions lack accounts and will be harder to ... Read full article

Community development financial institutions would reach even more underserved households and business if they had strong relationships with tech firms and national banks. Here's how the Office of the Comptroller of the Currency can foster such ... Read full article

Brian Argrett, whose City First Bank is being sold to Los Angeles-based Broadway Financial, would take the helm of the combined company at a time of increased national interest in reinvigorating minority-owned financial institutions. ... Read full article

The pandemic has highlighted massive inequalities in American life but the financial services industry can play a role in reducing these divisions. ... Read full article

Opening a bank or investment account — or even securing employment in a racism-free workplace — is out of reach for many Black Americans. ... Read full article

The Democratic nominee has not gone as far as some progressives in support of financial inclusion, but ideas such as postal banking, a government-run credit reporting system and universal bank accounts would likely gain traction under a Biden ... Read full article

Both the Federal Deposit Insurance Corp. and the American Bankers Association are encouraging the industry to offer basic products that could bring more unbanked households into the financial mainstream. ... Read full article