The ABA Foundation today awarded its sixth annual George Bailey Distinguished Service Award to co-winners Alex Fennoy and Detra Miller.
Browsing: Financial inclusion
The share of U.S. households that are unbanked continued falling in 2019, reaching 5.4%, the lowest rate yet recorded in a biennial FDIC report.
Outgoing ABA Chair Laurie Stewart praised the work bankers have done in the last six months distributing Paycheck Protection Program loans as the coronavirus spread.
To help reduce the number of unbanked Americans, ABA President and CEO Rob Nichols today urged all banks to offer a Bank On-certified account.
Speaking to the National Bankers Association, Federal Reserve Governor Lael Brainard today highlighted four new provisions specific to minority depository institutions in the Fed’s recent Community Reinvestment Act modernization proposal.
For bank customers, what’s in (or isn’t in) a bank account can be a source of anxiety. By contrast, says Brian N. Ford, “our research shows that when you have a fully funded account and it’s in the right place, a tremendous amount of confidence will come into your life, regardless of if an emergency ever happens to you in the future.”
Savings is critical to financial wellness, but too many Americans have struggled to save during good times.