Kansas City Fed economist: Bank On may have reduced unbanked rates
An increase in the number of financial institutions offering Bank On-certified accounts may have contributed to the decline in unbanked ...
Tag: Unbanked
FDIC: Percentage of unbanked households dropped slightly in 2023
Roughly 4.2% of U.S. households were unbanked in 2023, according to the FDIC’s National Survey of Unbanked and Underbanked Households, ...
FDIC finds VITA sites willing to direct unbanked to financial institutions
A new FDIC survey found most Volunteer Tax Assistance Provider sites are willing to provide their unbanked clients with a ...
Fed survey: Unbanked status continues to vary among income, ethnic groups
While 94% of U.S. adults have a bank account, notable differences remain among different income and ethnic groups, the Federal ...
Podcast: MDI status helps a mutual bank supercharge its strategy
Late in 2023, Warsaw Federal -- a $71 million mutual savings and loan in Cincinnati -- was officially designated as ...
Banks partner with VA to serve veterans in need
A popular program that has banked thousands now offers financial education and credit counseling.
Hsu urges banks to rethink processes to expand access
To continue to expand financial access, banks need to innovate and consider adjustments to their screening processes, Acting Comptroller of ...
Thurlow: Banks must build trust with unbanked
Getting unbanked individuals to open a bank account is only half the battle—the other half is earning their trust and ...
Gruenberg: Bank On helping to reduce the number of unbanked
Economic conditions alone can’t account for the drop in unbanked individuals and families in the U.S. over the past decade, ...
Gruenberg credits industry, government with lowering unbanked rate
Efforts by banks and banking trade groups—along with federal government support—have helped drive the number of unbanked Americans to a ...
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